Crude Oil: 42-45 May Be A Big Hurdle Even If Doha Agreed To Some Kind Of Production Freeze

Trading Idea: Crude Oil

CMP: 41.70

Either Sell below 42-42.60 or on rise around 43.50-45.50;

TGT:38.35 - 35.35* - 32.25 - 29.35 - 26.00* - 22.65 (5-30/90 days)

TSL> 48.50

Note: Consecutive closing (3 days) above 48 for any reason, Crude may further rally up to 58-60* & 69-78 in the near to mid term. 

Analytical Charts: