Today if fall extend then MACD crossover in sell signal in Daily chart of Nymex will happens soon in 1-2 day. Use rally for sell. Keep R1 as your stoploss in $ terms.Heiken Ashi also given Sell signal in Daily chart of Nymex. Any body wants to play for 50-100 points he can play. PV-5187 R1/2/3-5204/5229/5246. S1/2/3-5162/5145/5120.
As all 2 supports breaks so 5120 is our initial target intrday. I am in profit of 40 points because I dont let my stoploss as given triggered. But here if I wont give then if some time negative happen and you loose patient then problematic. My calls usually works but some time due to market senario it might happen few days latter. As in this market along with knowledge guds to take trade is important. Small stoplosses mostly triggered.If some one really want to earn more then he has to take some risk too after using his best of knowlegde.Its a personal view and suggestion on how to trade crude.