Hi All,,
Crude surpassed the resistance of 5170... however continued to show negative divergence on daily charts and is not sustaining these levels.... For a new trade entry conformations would be awaited.....
Reason might be that Saudi Oil Output Drops 5% in December
But the same continues to trade with caution and has given one other bearish sign on hourly charts
Regards
Team ATC
Crude surpassed the resistance of 5170... however continued to show negative divergence on daily charts and is not sustaining these levels.... For a new trade entry conformations would be awaited.....
Reason might be that Saudi Oil Output Drops 5% in December
But the same continues to trade with caution and has given one other bearish sign on hourly charts
Regards
Team ATC
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