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karan_bagri
Nov 3, 2021 7:13 PM

Crude Oil | Head & Shoulder Pattern Short

Crude Oil FuturesMCX

Description

After a long rally and a series of higher highs & higher lows we are seeing Head & Shoulder pattern at the top of chart in CRUDE suggesting some correction in prices. MACD has also shown divergence, untill the price stays below neckline of the pattern we can see more decline in prices of Crude till 5900 to 5700. Break of the neckline and right shoulder will invalidate the pattern.
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