MCX:CRUDEOIL1! is taking support and also falling channel is there and if we draw fibo from DEC 2021. to. 8 march 2022 then we near 0.5% fibo ( 50% retracement )
if we cross channel we can see a good rally in upwards direction
NATURAL GAS is on its all time high resistance
2 possibilities here
1) forming cup and handle so if breakout happen we are are going for long on conformation of retest are targets will be 800-850
2) strong resistance... so if we get rejection with strong candle we are going for short with stop loss on swing high (or all time high) with targets approaching 700
