Crude Oil 26 nov 2023
the last update in crude oil was on 1 nov 2023., ( link : https://www.dhirubhai.net/pulse/crude-oil-1-nov-2023-update-ketan-gohil-ocpwf%3FtrackingId=5P9N5Gob%252BQ4x8XOXzYj9Ow%253D%253D/?trackingId=5P9N5Gob%2BQ4x8XOXzYj9Ow%3D%3D ) and immediately post that in the first week of nov ., it had produced a sell signal. In both the superindicators and the options strategy.
in the 1 nov update., it was mentioned that below 80., price of 77-79 range would be most important. The sell came right at the usd 80 level. so far., it has made a low of 72., and now trading at usd 75.
failure to hold 69-72 ., will likely lead to a downward spiral in crude oil.
in the coming week we will post the options data for the same.