Will CHINA'S Demand Cut Push Crude Further Down?
Crude Looks Bearish
50.55 Level will be an important level for Crude Since it is 78.6% retracenent
from 5th February low till 20th February High
Once It breaks Further downside Can be seen
42.50 Is previous Swing Low which can act as a support
40.00 can act as a round figure psychological Support Completing the ABCD formation on the bearish Side
Do your Own analysis before trading or investment
Thanks :)
50.55 Level will be an important level for Crude Since it is 78.6% retracenent
from 5th February low till 20th February High
Once It breaks Further downside Can be seen
42.50 Is previous Swing Low which can act as a support
40.00 can act as a round figure psychological Support Completing the ABCD formation on the bearish Side
Do your Own analysis before trading or investment
Thanks :)
Note
SL at breakevenTrade closed: target reached
Target Achieved
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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.