CRUDE REVERSAL POSSIBLE ?
Updated
TREND - NEGATIVE Previous high must be taken out and sustained
PRESENT ZONE-Taken support at montly demand zone
FORECAST-if Powel statement today is positive it may reverse and gain upto 80 or may fall to 72.5
PRESENT ZONE-Taken support at montly demand zone
FORECAST-if Powel statement today is positive it may reverse and gain upto 80 or may fall to 72.5
Trade active
TREND NEGATIVEtaking support at Monthly D zone.
77.64 again is Monthly Sell zone and coincides with Pre High zone
so after grinding may target above SUPPLY ZONE 1 at 80 as 2.2 $ gap is there
Trade active
Unable to cross previous high.encountering Monthly,weekly selling zone at 77.64.
But support taken at 75
Grinding only expected.depending upon todays US inflation data
either it may break above or below
Note
US inflation data positivewill target 80 $
IF HELPFUL PLS CLICK THE BOOST ICON
Trade closed: target reached
Touched 79.77 $ almost 80
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