Pivotal_Traders

Crudeoil to be in range with a CUP of Coffee

MCX:CRUDEOIL1!   CRUDE OIL FUTURES
Crudeoil is to be in range for some days . it is being in tight congestion zone for more than 2 weeks and recent make of lower high and higher low sends the signal of confusion in the market , thus a rangebound movement is expected.

Further a Cup and handle kind of formation has taken place which can give upside breakout

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