UPDATE-II
- Failed pattern gave good correction in favor of bears. Price falling back into the pattern is a good entry for failed patterns.
UPDATE-I
- Crude oil showing a triangle pattern in Four hour chart. This time frame has Positive Divergence Which was shown in the previous crude oil post.
- Up move may find resistance near 80.81 level and 100 Hour SMA.
- Week chart shows strong support near 74 - 75 level. Doji candles near the support level may favor bulls for a reversal.
- CRUDE OIL POSITIVE DIVERGENCE
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