Though daily trend is indicating run-up is over weekly trend and technicals suggest still there is a long way to go for oil, As per our near - term levels initiated on 18th march it has clearly stated above 50.99 its 54.
As crude Oil has made a high of 52.48 clearing the resistance 50.99 suggests the pace has been set for 54
Current Support & best buy level 50 - 51.05 target 54 strict stops @ 48.95
Now @ 51.37
Above 52.10 oil will hit 54 before that mentioned number "50"
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