This is the 4-hour timeframe chart of CrudeOil1!.
The price has been moving within a well-defined falling channel and has now given a breakout. A possible retest of the breakout level around 5560 may occur, after which CrudeOil could move towards the falling channel completion target near 5700.
Weekly pivot support is also placed around the 5400–5450 zone and resistance around 5700.
If this level is sustained, we may see higher prices in CrudeOil1!
Thank You !!
The price has been moving within a well-defined falling channel and has now given a breakout. A possible retest of the breakout level around 5560 may occur, after which CrudeOil could move towards the falling channel completion target near 5700.
Weekly pivot support is also placed around the 5400–5450 zone and resistance around 5700.
If this level is sustained, we may see higher prices in CrudeOil1!
Thank You !!
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.