Crude Oil - WTI - Daily - Weekly Trend, Levels & Trading Strategy - 19 Apr 2015

Crude Oil Weekly Trading Levels 

Best Buy & support @ 54, Actual resistance @ 55.15 (current support),  Break above 56.30 upside target capped @ 59.70 - 60.80, However a Crack below 52.80 downside capped @ 49.20 - 47.80

Now @ 55.99

Strategy: Buy on dips b/w 54 - 53.70 with stops @ 52.80 for target 57.60 - 58.20 - 59.70

Daily Trend & Trading Levels 

Best Buy & sup @ 56, Resistance & best sell level 56.30 a break above 56.60 upside capped @ 57.48 - 57.60. However, a Crack below 55.7 downside capped @ 54.70 - 54.20

Strategy: Traders can sell early week b/w 56.30 - 56.60 with strict stops @ 57.10 for target 55.15 - 54.70 - 54.20, above 57.10 price target  floats till 58 - 58.20 clearing 57.60