Crude currently in a rangebound continues with its range which is 6100-6600.
Last few days crude following exact same pattern. Now crude on a verge of selling here, as it appears to be on top of the pattern. A shoot above 6600 might trigger buying which can float to 6800-7000-7300.
Below 6550-6600, crude is selling & might touch 6300-6200-6140.
Hope this chart help you all to find a way to understand market moment. Best wishes.
Last few days crude following exact same pattern. Now crude on a verge of selling here, as it appears to be on top of the pattern. A shoot above 6600 might trigger buying which can float to 6800-7000-7300.
Below 6550-6600, crude is selling & might touch 6300-6200-6140.
Hope this chart help you all to find a way to understand market moment. Best wishes.