Crude Weekly Forecast as we approach Zone of Resistance

By | February 2, 2019

As Discussed in Last Analysis For coming week 3900-3906 will act as strong  resistance and 3710-3721 as strong support, Any close above 3906 can see fast move towards 3969-4096. Above 3906 we made a good rally towards 3969 on Friday.

For coming week 3969-3999 will act as strong  resistance and 3800-3810 as strong support, Any close above 3999 can see fast move towards 4096

4096 is very strong vedic number. Bears will get active below 3777 which is time cycle date low for a move back to 3721/3660/3600.

Crude Time Cycle

Last Week Time Cycle on 28 Jan made the low for the week

Feb 04 is important time cycle date for Crude

Weekly Trend Change Level:3969

Weekly Support :3900,3844,3800,3721

Weekly Resistance:4032,4096,4176,4225

Levels Mentioned are for Feb Contract Crude

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