Before updating about crude just take a relook at my earlier observations written a few days back:
Japan Nikkei : written about a sudden fall below 9k levels .Nikkei was @ 9300 at that time and now @8824 ( -320 pts )
.Nifty (India) : written about a huge support @ 5350 when it was ruling 5500+ and indicated a correction. Today Nifty took support @ 5356 and bounced.
.Nifty (India) : written about a huge support @ 5350 when it was ruling 5500+ and indicated a correction. Today Nifty took support @ 5356 and bounced.
Now about crude : if it were to close below 70$ odds then a sudden technical fall of 10-15$ would be possible in a matter of week(s).
continued.....
