Crude oil important levels to watch `

Crudeoil important demand and supply zones are marked on the chart.

#Target on the upside after break of resistance is marked in red line.

#Target on the downside after break of support is marked in a green line.



What is demand zone?
In simple words, demand zone is the price area having highest buying potential.

What is supply zone?
In simple words supply zone is the price area having highest selling pressure.



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Comment:

As mentioned above, Price bounced back from the demand zone !!

Comment:

again bounced back from the demand zone !