Crude Bounces several times from these levels

3 באוק׳ 2019

Researched on the chart of crude oil and found that it has broken down the trend line as shown in the chart, however it has taken the support many times near 50.50 levels and to hope that again it will test these levels. Traders are advised not to short crude oil at these levels either it will break down the support of 50.30 levels to confirm or wait for dat-cat bounce for reversal trade. Passive traders not to take any trade at these levels.