POSITIONAL USD CRUDE VIEW:
Technical Analysis on Crude based on higher time frames (monthly, weekly & daily):
UPTREND: POSITIONAL (Long Term) TARGETS
Level 1: 110.50, 132.49 SUPPORT: 74.95
Level 2: 100.41, 114.63 SUPPORT: 77.27
Level 3: 112.09, 129.48 SUPPORT: 84.05.
BASED ON DAILY CHART IF DOWNTREND TAKES PLACE,
RESISTANCE LEVELS: 104.98, 105.21.
If these levels resists then, downside targets would be: 98.74, 97.25, 92.35.
Some minor resistances would be: 102.18, 103.35, 103.93.
Other major resistances: 110.52, 112.21. Note: If 104.98 and 105.21 are broken, we will see big uptrend in place.
All Minor resistances, resistances and major resistances are target for Bulls. ie., 100.4, 101, 101.4, (done already) 102.18, 103.35, 103.93, 104.98, 105.21, 110.50, 112.09, 129.48, 132.49.
All Supports are targets for Bears. 99.7, 98.74, 97.25, 92.35.
Whenever you are comfort you can book. targets will come around these points.
Take a not of these levels if anybody interested.
Technical Analysis on Crude based on higher time frames (monthly, weekly & daily):
UPTREND: POSITIONAL (Long Term) TARGETS
Level 1: 110.50, 132.49 SUPPORT: 74.95
Level 2: 100.41, 114.63 SUPPORT: 77.27
Level 3: 112.09, 129.48 SUPPORT: 84.05.
BASED ON DAILY CHART IF DOWNTREND TAKES PLACE,
RESISTANCE LEVELS: 104.98, 105.21.
If these levels resists then, downside targets would be: 98.74, 97.25, 92.35.
Some minor resistances would be: 102.18, 103.35, 103.93.
Other major resistances: 110.52, 112.21. Note: If 104.98 and 105.21 are broken, we will see big uptrend in place.
All Minor resistances, resistances and major resistances are target for Bulls. ie., 100.4, 101, 101.4, (done already) 102.18, 103.35, 103.93, 104.98, 105.21, 110.50, 112.09, 129.48, 132.49.
All Supports are targets for Bears. 99.7, 98.74, 97.25, 92.35.
Whenever you are comfort you can book. targets will come around these points.
Take a not of these levels if anybody interested.
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