Will CHINA'S Demand Cut Push Crude Further Down?
Updated
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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