Crude Oil Weekly Technical Analysis

By | May 18, 2019 8:36 pm

As Discussed in Last Analysis Coming week 15-16 May very important and trending move can be seen in crude above 4362 and below 4230 as per Planetary Ingress as seen in below video.

Crude made a low of 4286 on 15 May perfect price time squaring and rallied to do 3 target on upside in 3 trading days.

Till we are above 4360-4390 range bulls will have upper hand, Also Planetary line helped in capturing the bottom.

Crude Time Cycle

Coming week 21 May is important time cycle.

Weekly Trend Change Level:4390

Weekly Resistance:4450,4495,4555,4610

Weekly Support:4330,4275,4212,4156

Levels Mentioned are for June Contract Crude

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