Crude Weekly Forecast using Gann

As discussed in last analysis For Any Bullishness to come crude need to close above 1764 on closing basis else fall can extend towards 1500/1400 levels. We saw an excellent move above 1764 and did all our target on upside and also rallied on Venus Ingres date, Till we do not close above 2100 bears can push towards 1940-1900 range where major gann support lies.

Crude Time Cycle

07/10 April Important time cycle date.

Weekly Trend Change Level:1940

Weekly Resistance:1981,2025,2071,2116

Weekly Support:1893,1849,1810,1764

Levels Mentioned are for April Contract Crude

Leave a Reply