Navigation
”crude

Crude oil: Flowing southward

Crude oil had crossed the medium-term falling trendline but couldn’t build upon the gains. The oil was trading above it for the last few weeks. Structurally, it formed a distribution triangle there and has broken down. It has also broken a medium-term rising channel recently. The daily as well as the weekly momentum indicators have triggered bearish crossovers. Thus, the price is expected to fall till $99-$96. The reversal can be trailed above the key daily moving averages, ie $106.50.
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: