NYMEX Crude Oil In Bearish Trend - Good Support Level Breakout Expected

Overview :

NYMEX crude oil is in pessimistic trend , there's smart damage break out expected .If NYMEX crude oil the level of 73.00 then any draw back movement is predicted to check the extent of 70.61 downside. .

Technical - Levels 

	R2	R1	S1	S2
GOLD	1216.61	1204.54	1175	1167.66
SILVER	17.02	16.54	15.85	15.41
CRUDE OIL	78.07	76.43	73.24	70.75
COPPER	3.1032	3.0505	2.9992	2.9723
NATURAL GAS	4.838	4.555	4.100	3.928

Indicators:

Its RSI is sustaining below the 50's levels & will check 30's level indicating the any downside movement within the commodity.

Trading Strategy :

NYMEX crude oil weak on chart. If NYMEX crude oil breaks the extent of 73.00 draw back, then it will check the extent of 70.61 One will opt for sell on higher level strategy for this combine for intra day to middle term positions.

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