Crude Ready for a Rally,Weekly Forecast

By | June 16, 2019

As Discussed in Last Analysis Coming week we have important time cycle on 10 June and 3721 price levels suggesting if we hold 3721 we can see a reverse rally on crude till 3835/3920/3969 odd levels. Bears will get active below 3680 for a move back to 3620/3560

Crude made high on 10 June time cycle date and corrected all the way till 3536 doing our 3 target on downside. Now for coming week we have important time cycle on 21 June and 3700 price levels suggesting if we go above  3721 we can see a reverse rally on crude till 3788/3835/3920/3969 odd levels. Bears will get active below 3650 for a move back to 3600/3560/3512/3477.

Crude Time Cycle

21 June Important time cycle date.

Weekly Trend Change Level:3700

Weekly Resistance:3756,3796,3835,3890,3969

Weekly Support:3650,3610,3555,3500

Levels Mentioned are for June Contract Crude

One thought on “Crude Ready for a Rally,Weekly Forecast

  1. arindam

    let’s see a good 300 point rally ..will double bottom take it new high or international pressure bring it down to

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