Re: Crude Price One Week from Today
CRUDE OIL price is moving down curling around the median pitchfork line.
It is also curling around the MA lines, which gives us the sideway move.
MACD is also curling around 0 which is also a signal of continual sideway.
I think if the price goes above the resistance and the upper pitchfork line at 115.125, its next target level will be the resistance at 116.869 and if price goes down and settles below the median pitchfork line, its next target level will be the support at 111.377 and breaking through this level will let the price test the lower pitchfork line at about 108.345.
Resistance:
- 115.125
- 116.869
- 117.441
Support:
- 114.288
- 111.377
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