Technical analysis for trading/investing
Technical analysis for trading/investing
Commodities | Crude Oil | Trend notes for 2021
The price broke above the range between 34.35 – 43.75 and above resistance zone, above 41.35, extending the bullish weekly run and continue the 3rd wave of the daily bullish trend.
First target of the daily bullish trend is around 54.00, second is around 61.50 and third is 65.50.
Monthly chart:
Weekly chart:
The price is within 3rd bullish wave on the weekly and the daily chart. The…
Looking at the monthly chart, we can see that the price broke above ascending triangle…
After the initial plunge during the COV19 pandemic, the price bounced from the support zone…
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