The Crude Oil seems to be in Bearish Mode for Medium- long term. The Crude Oil is observed as to remain in downside direction for now. The Crude Oil trend was supported with the heavy volume & the selling of Crude Oil was done on the basis of heavy volume demand. The RSI level is also in downside direction & little bit more RSI will be in downside trend. The Price Volume Trend is also seems to be in downside trend little bit more.
Crude Oil Chart Pattern Analysis
The Crude Oil should go Downside from here for Medium term period. This is the Sorting opportunity. As per the Chart & Technical Study of the Crude Oil Chart Analysis, the Crude Oil seems to be in the Downside direction from here as the Hanging Man Pattern has developed in the Candlestick Chart Pattern in 1 day chart shown in below chart.
Crude Oil Weekly Level for Indian Rupees
The Crude Oil level Analysis in also seems to be in downside direction or trend. but Now Over sold position in crude oil small bounce and range bound 4765 to 5380 for This Week.
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict SL .Please also read the detailed Disclaimer mentioned in the left side of Blog.
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