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
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soon after the analysis we have got 58 points
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boom boom boom we have got 125 points price is fallen to 6925 level 1 achieved :)
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level 2 hit
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two times our level 2 achieved
Trade closed: target reached
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we have got approx 250+ points now it is creating support there