Is Crude Near Short Term Bottom ?

By | June 2, 2019 1:40 pm

As Discussed in Last Analysis   Coming week Till we are below 4128 range bears have upper hand can push towards 4000/-3969 range and below than 3844/3721. Bulls will get active above 4130 again for a move towards 4180/4225/4298/4356-4390 range.

Low made was 3758 so bears were able to capitalize on downstrend. Coming week we have important time cycle on 04 June and 3721 price levels suggesting if we hold 3721 we can see a reverse rally on crude till 3835/3920/3969 odd levels.

Crude Time Cycle

04 June Important time cycle date.

Crude Neural Analysis

Weekly Trend Change Level:3721

Weekly Resistance:3775,3835,3890,3969

Weekly Support:3666,3610,3555,3500

Levels Mentioned are for June Contract Crude

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