Short term target 78.25-78.75
Bullish in short term and may touch 76.75 in near term
In bearish trend, upper limit 76.25 lower range seen at 75 in short term.
Support 74.70, resistance likely to be held at 77.30
Midterm forecast: Although current trend is uptrend but we forecast a downtrend wave would begin in Midterm. Technical analysis: There is a divergence in RSI and price between the peak at 70.35 on 2018-01-15 and the peak at 80.5 on 2018-05-22, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. The...
May go down to 72 in short term if it does not recoup and goes back above 82.25
Crude is in down trend and is out of 8/1 ascending Gann angle. May find support at 72.
the upward targets have been calculated from the point and figure charts
THIS CHART SHOWS LONG AND SHORT TERM SUPPORT AND RESISTANCE .