CRUDEOIL | MCX | Wedge Watch! (July 16, 2024)
Updated
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.
Note
*All Crudeoil target complete. Made low of 6760*
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