Will Crude see relief rally,Weekly Forecast

As Discussed in Last Analysis Coming Week 3721 will act as major trend change level and we should see a good trending move as we have 17 Dec and 20 Dec as major trend changes dates.

Crude did perfect price time squaring as High made was 3730 on 17 Dec and we saw the big fall achieving all our targets.

Now for coming week we can see small bounceback in crude as its near gann angle support and also near time cycle as i have explained in this video.

As per planetary cycle chart 3140-3136 on downside and 3501 on upside is the big range for crude and trending move would be seen on break of this range only. Till than play the range with Support Resistance mentioned as below.

Crude Time Cycle

Major Trend Change date for Crude for December Month

  1. 03-Dec-18
  2. 10-Dec-18
  3. 17-Dec-18
  4. 21-Dec-18
  5. 26-Dec-18
  6. 29-Dec-18

Weekly Trend Change Level:3254

Weekly Resistance :3292,3333,3375,3401

Weekly Support:3212,3170,3136,3066,3025

Levels Mentioned are for Jan Contract Crude

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