Crude prices trading below 50 20-SMA suggesting weakness in prices
Prices had rallied in 5 waves and after that the correction which we saw can be termed as wave a and now prices could have a pullback in wave b towards 38.2 retracements at 67.10, 50 percent is at 68.2 and 61.8 percent is at 69.3, says Priyank Upadhyay of SSJ Finance Securities.
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