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ShelendrAgrawal

Crude Analysis !! #Crude #Commodities

CFDs on Brent Crude Oil (TVC:UKOIL)  
ShelendrAgrawal Updated   
TVC:UKOIL   CFDs on Brent Crude Oil
Support and Resistance Trend Lines Parallel Channel Crude Oil crude Crude Oil WTI Crude Oil Brent Commodities commoditytrading crudechart crudeanalysis crudetrend
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supportandresistance trendline parallelchannel crudeoil crude usoil ukoil commodities commoditytrading crudechart crudeanalysis crudetrend

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.
Comment:
Resistance Area Broke. Uptrend is here.
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