Major resistance - $49.35 (161.8% retracement of 46.79 and 42.90)
Major support - $46.70 (10 day MA)
US oil has gained drastically after making a low of 46.72 yesterday. The commodity has broken $48.91 (18 the May High) today morning and jumped till $49.26.
US crude should break above $49.35 for further up move .Any break above $49.35 will take the commodity to next level $50/$50.90 level.
On the lower side minor support is around $48.70 and break below targets $48/$46.75.
Daily MACD – Bearish Divergence
It is good to sell on rallies around $49.30-$49.35 with SL around $50 for the TP of $46.75
Major support - $46.70 (10 day MA)
US oil has gained drastically after making a low of 46.72 yesterday. The commodity has broken $48.91 (18 the May High) today morning and jumped till $49.26.
US crude should break above $49.35 for further up move .Any break above $49.35 will take the commodity to next level $50/$50.90 level.
On the lower side minor support is around $48.70 and break below targets $48/$46.75.
Daily MACD – Bearish Divergence
It is good to sell on rallies around $49.30-$49.35 with SL around $50 for the TP of $46.75
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.