As Discussed in Last Analysis 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.
We made short term bottom on crude on 04 JUne and rallied 4% on Friday and closed at 3721.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 Time Cycle
10 June Important time cycle date.
Weekly Trend Change Level:3721
Weekly Resistance:3775,3835,3890,3969
Weekly Support:3666,3610,3555,3500
Levels Mentioned are for June Contract Crude