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Crude Oil Update

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As we can see, today all our support levels of Crude oil reached successfully as posted yesterday.

Crude Oil prices plunge to a 17 Years low as demand drops due to fear of Corona Virus Pandemic and a Price war between Saudi Arabia and Russia.

Now we can see more downfall in the coming days but before that, we can see a small pullback in the prices as we saw today crude was unable to test its crucial Support level of 1580 and made a low of 1594.

 

Immediate Supports and Resistances of Crude for 31st March i.e. Tuesday are: –

 

Resistance 1 – 1646

Resistance 2 – 1662

Resistance 3 – 1680

 

Support 1 – 1596

Support 2 – 1580

Support 3 – 1560

 

Note:- All Support and Resistance Levels are only for Intraday.


Thanks!

ProCapitas Market-Pro Team 

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