CRUDEOIL | MCX | 19-20th Feb

📊 Analysis

🔍 Timeframe: 1 hour
📈 Strategy: Bullish, then Bearish

Observing a robust rejection point at 6600. Anticipating either a range-bound market or rejection from a bearish OB.

Considering recent news:
Oil prices remain in a tight range amid Red Sea ship attacks and demand worries. Brent crude and WTI show slight gains at $83.57 and $78.48, supported by ongoing tensions in the Middle East.

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Kommentar:

break down early!!