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Crude oil Between crucial levels

Crude oil found support at the previous swing low of $65.00, which was also near the key Fibonacci level of 61.8% of the previous up-move and observed
Crude oil Between crucial levels

Crude oil Between crucial levels


Crude oil found support at the previous swing low of $65.00, which was also near the key Fibonacci level of 61.8% of the previous up-move and observed a bounce. It is currently trading between the mentioned support and the daily moving averages which are at the level of $70.00. If crude oil can surpass the daily moving averages on On the upside, the immediate target is placed at $74.23 whereas the subsequent target is placed at $77.00 which is the previous swing high. However, failure to sustain above the $65.00 mark will significantly bearish crude oil signal.
Crude oil Between crucial levels


कच्चे तेल को $ 65.00 के पिछले झूले के निचले स्तर पर समर्थन मिला, जो कि पिछले अप-चाल के 61.8% के प्रमुख फाइबोनैचि स्तर के पास भी था और इसमें उछाल देखा गया। यह वर्तमान में उल्लिखित समर्थन और दैनिक चलती औसत के बीच कारोबार कर रहा है जो $70.00 के स्तर पर है। यदि कच्चा तेल ऊपर की ओर दैनिक चलती औसत को पार कर सकता है, तो तत्काल लक्ष्य $ 74.23 पर रखा गया है, जबकि बाद का लक्ष्य $ 77.00 पर रखा गया है जो कि पिछली स्विंग उच्च है। हालांकि, $ 65.00 के निशान से ऊपर बने रहने में विफलता कच्चे तेल के संकेत को महत्वपूर्ण रूप से प्रभावित करेगी।



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