CRUDE OIL Looking good to go long at current levels or in dips ( if any ), there is a good and clear assumptions of wave structure along with trendline breakout on daily time frame. Price again closed above mass psycology cloud, and also above RK's stop line and also price has given close above 20DMA, also trend indicator macd is showing same bias to go long. On the way up side it can show 8883, and 9978 levels and more, on the way down RK's stop line which is pegged at 7687 would be a major support to watch out for upcoming days.
Overall wave structure of U S OIL - CRUDE OIL international Daily Chart
Overall wave structure of CRUDE OIL MCX Daily Chart
macd on weekly positive
MACD in mcx crude daily chart
Price again closed above mass psycology cloud, and also above RK's stop line
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