CRUDE OIL ANALYSIS 17 APR 2024 SHORT

Apr 17

Crude oil analysis 17 Apr 24 short
currently crude oil is trading around 7041
all the levels are given in chart i guess i made it clear over there
R/R - 1:2
exacting crude oil to fall by 2-4.5%
Major resistance area is 7318
minor resistance area is around 7194
Major support area is around 6672
minor support area is around 6853
This analysis is for educational purpose only.
any queries wrt to the analysis feel free to ask

Apr 17

Note

soon after the analysis we have got 58 points

Apr 17

Note

boom boom boom we have got 125 points price is fallen to 6925
level 1 achieved :)

Apr 18

Note

level 2 hit

Apr 19

Note

two times our level 2 achieved

Apr 23

Trade closed: target reached

we have got approx 250+ points now it is creating support there