Caution Ahead …Crude Oil sellers should wait for higher levels for new Short positions.
Technically if we see Crude Oil on the MCX Exchange, can see a rise towards 3875-3880 levels. At that range, we can see again Bears getting active again.
If we discuss the LARGER picture, then last week, Crude Oil jumped back from the weekly support area.
The safe & new Buy-side position can be taken on holding above 3750 for the target of 3790/3830/3880 levels.
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