CRUDEOIL | MCX | Wedge Watch! (July 16, 2024)

Jul 16

Crude Oil trapped in a falling wedge pattern.

Key Levels:
Downside: Below 6835 (potential drop)
Targets:
1st: 6805
2nd: 6785
3rd: 6760

Upside: Above 6860 (potential breakout)
Both scenarios could see significant swings (around 60 points).

Stop-Loss: Minimum 10 points below entry (adjust based on risk tolerance)

Disclaimer: This information is for educational purposes only and should not be considered financial advice.

Jul 16

Note

*All Crudeoil target complete. Made low of 6760*