Crude Oil Futures
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CRUDEOIL MCX -

Theo deepshah1982
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If doesn't cross above 7000 level and closes with strong volume in remaining august series ,then might see fall up to 6000 levels in coming weeks .forming a ascending triangle .might possible go for a third touch correction towards rising trend line .
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todays low touched 6427 . for crude 6400 is important level from closing below will trigger downside up to 6200 and more before that i think might consolidate in 6600-6400 level before fresh downside momentum .
Trend Analysis

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