*Crude Oil Analysis*
*The Setup:*
Crude Oil is indicating a *Triple Top on daily chart* (with shadows indicating supply or rejection)
*RSI* is also resisting at 60 acting as resistance
🎯 *Key Levels to Watch:*
🚀 *Bullish Zone*: If it sustains and closes above 10500, we could see 10800 + levels
*Support* : 9200 level can act as a support and if that breaks, then 8000 levels can be seen.
💎 *Remember* : *10,000* is a psychologic number which is acting as a strong resistance *(Example : Maruti)* and if crude oil price is falling then that's a *BIG Positive* for Indian Market
*The Setup:*
Crude Oil is indicating a *Triple Top on daily chart* (with shadows indicating supply or rejection)
*RSI* is also resisting at 60 acting as resistance
🎯 *Key Levels to Watch:*
🚀 *Bullish Zone*: If it sustains and closes above 10500, we could see 10800 + levels
*Support* : 9200 level can act as a support and if that breaks, then 8000 levels can be seen.
💎 *Remember* : *10,000* is a psychologic number which is acting as a strong resistance *(Example : Maruti)* and if crude oil price is falling then that's a *BIG Positive* for Indian Market
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.