Crude facing resistance near 124. Noticed #ThreeBlackCrows pattern near the resistance zone. If not taken out convincingly, then it has high probability of retracing till 113/106. Any trend continuation will happen after some cool off.
Note
Note
Closing below 116.61 on day closing basis would confirm the weakness and may lead to profit booking. We still stand on the profit booking or sell signal in Crude.
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