CrudeOil Short Term and Intraday - Target 3400 INR (45 USD)

Jun 7, 2020

Crudeoil formed Cup and Handle pattern at 28.5 USD and then moved up to the next resistance level of 35 USD. It has now broken that level and I feel that it will reach the next higher resistance of 45 USD in the coming week. I feel crudeoil is surely worth considering for a short term trade with 45 USD (3400 INR) as the target and also in intraday basis we could look for buying opportunities.

Jun 16, 2020

Note

Crude is still set to achieve 45 USD in the coming week. 39 USD will act as a strong resistance.