Crude Oil is developing a Cup & Handle formation on the daily chart, with price now testing the key 8394 neckline.
A sustained breakout above 8394, followed by a successful retest, would strengthen the bullish setup.
Upside: 8790 - 8990–9106 - 9800–9860
Key support: 8110–7875
I’m not chasing the breakout. The reaction around 8394 is what matters now.
#CrudeOil #MCX #TechnicalAnalysis #CommodityTrading
A sustained breakout above 8394, followed by a successful retest, would strengthen the bullish setup.
Upside: 8790 - 8990–9106 - 9800–9860
Key support: 8110–7875
I’m not chasing the breakout. The reaction around 8394 is what matters now.
#CrudeOil #MCX #TechnicalAnalysis #CommodityTrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.