Crude Analysis !! #Crude #Commodities

ShelendrAgrawal Updated   
TVC:UKOIL   CFDs on Brent Crude Oil

Description: Crude at lower levels following support area and a trendline zone as well. At top upper parallel levels of trendline are followed. Now at top and formed a strong red candle which can a be probable top if it gives follow through and breaks 86$ level.

Support Area: Break of Support at 86$ downside will lead to immediate support at 76$ followed by 72$ & 65$. If not, Uptrend may continue.

Resistance Area: Break of resistance on upside 91-92$ on upside will again resume uptrend.
Resistance Area Broke. Uptrend is here.


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