Crude.

Crude went down from levels expected.

However for Intra-day trade trying to see if the formula of ATR based study suceeds in Crude also.

Crude has ATR of 2.38 points.

Hence, hope so level with distance of almost that points will be strong enough to take support
for intra.

Right now Crude took support at 2nd level.

Hopefully it will go down breaking level after level.

Moreover for people who trade small time frame we can see ATR of 1 hr chart and use time frame of 5 mins for smaller stop losses and smaller targets.

Hopefully I will update that very soon.

Right now ATR levels are hitting on the spot in Nifty and Spot. Lets see how it reacts to western markets.