Crude Oil Positional


As Discussed in Last Analysis Above 3375 we can rally towards 3438/3493/3539. Bearish below 3300 for a move back to 3250/3200.

So we were able to capture the bottom,Low made was 3375 and we had a big rally towards 3700 also the rally started from 07 Jan and 09 Jan we got the big upside move, So time cycle working perfectly.

For coming week Bull need to hold 3590-3600 range for a move back to 3700/3801 where next major resistance lies.

Below Video Have discussed the Time Cycle of Crude

Above 3375 we can rally towards 3438/3493/3539. Bearish below 3300 for a move back to 3250/3200

Crude Time Cycle

14 Jan is important time cycle date followed by 17 Jan as shown in below time cycle chart.

Weekly Trend Change Level:3590

Weekly Support :3525,3493,3539,3600

Weekly Resistance:3656,3710,3756,3800

Levels Mentioned are for Jan Contract Crude



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