Trend: UP
Support 1: 61.50
Support 2: 61.43
Support 3: 61.31
Resistance 1: 61.69
Resistance 2: 61.81
Resistance 3: 61.88
Crude Oil is losses its grounds and bulls are in charge. We are expecting little pullback in the area of 58.70 which may follow with more upside in coming trading sessions towards 64.
In upcoming week fundamentals the crude oil inventories are also in favor of our upside opinion. Despite of the Covid-19 situation the consumption and industries and getting streamline upto maximum extent and life is getting normal after virus surge.
The bottom line is to find the bullish opportunities for now.
Support 1: 61.50
Support 2: 61.43
Support 3: 61.31
Resistance 1: 61.69
Resistance 2: 61.81
Resistance 3: 61.88
Crude Oil is losses its grounds and bulls are in charge. We are expecting little pullback in the area of 58.70 which may follow with more upside in coming trading sessions towards 64.
In upcoming week fundamentals the crude oil inventories are also in favor of our upside opinion. Despite of the Covid-19 situation the consumption and industries and getting streamline upto maximum extent and life is getting normal after virus surge.
The bottom line is to find the bullish opportunities for now.
