Crude Analysis !! #Crude #Commodities
ShelendrAgrawal Pro 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.