Crude Oil FuturesUpdated

Crudeoil analysis

Classical double top rejection with Triangle patter. It may lead to Short or long as per the level suggestion. It has also volume profile which suggest more selling pressure.

Note

This is big trend analysis. Ones either side will be broken it will give huge moves. bellow 5500 and above 6500.

Trade active

Almost there to break this levels.

Note

Above 6400 it will remain bullish only. Think about upside only.

Note

Look at the weekly candle formation. looks like breakout. if yes it will have big targets.

snapshot

Note

Again re-claiming the breakout. Lets see what is next.

snapshot

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