CRUDE OIL

CHART-II

• Crude hits $80 as discussed below. And it also hits the resistance line of the Triangle.
• Up move from here is possible only if the weekly triangle breaks.

CHART - I

• Crude Oil weekly chart in a triangle pattern.
• Right now it is rallying to the resistance line of the triangle.
• A possible target of 80$ for the current up move. At around 80$ Crude will hit the resistance line of the Triangle.
• For further up move Crude should breakout of the triangle