I will start Buying Crude from 2500 ( CMP 2411) and Below 2206 if it goes....
In monthly chart Crude RSI is showing Bullish divergence and I expect it can reverse any time....although I expect 2206 levels can be reached ( Comex below USD 35.....) If I get that level then it will be good buy for me....In very long term Crude can fall (After a rise ....) to 1700+ levels....but it is worth buying from 2250-2500 zone ........for mid term I will buy for retracement for levels 4000+......Risk rewards is more than 1 : 2 for positional trade.....
In monthly chart Crude RSI is showing Bullish divergence and I expect it can reverse any time....although I expect 2206 levels can be reached ( Comex below USD 35.....) If I get that level then it will be good buy for me....In very long term Crude can fall (After a rise ....) to 1700+ levels....but it is worth buying from 2250-2500 zone ........for mid term I will buy for retracement for levels 4000+......Risk rewards is more than 1 : 2 for positional trade.....