Bramesh's Technical Analysis

Crude Weekly Forecast Using Gann Analysis

As Discussed in Last Analysis  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. Bears will get active below 3860 for a move back to 3800/3721/3660/3600.

Crude opened with gap up and low made was 3985 Classic case of resistance becoming support and did 4096 on Upside.

Coming week 4096 will play a crucial role and above that only we can see a god move towards 4225. Bears will get active below 4060 for a move towards 4000/3969

Crude Time Cycle

Last Week Time Cycle Coming week Important time cycle date is 19 Feb.

19 Feb bottom was made and we saw the big rally. Coming week 25 Feb and 01 mar are important time cycle date.

Weekly Trend Change Level:4096

Weekly Resistance:4145,4210,4286,4356

Weekly Support:4050,4000,3930,3864

Levels Mentioned are for March Contract Crude

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