Crude oil
Buy crude oil 5755 to 5750 tgt 5850 sl 5710
Crude Oil Technical Report, 30/06/2023 : Enrich financial
30 Jun 10:12 Enrich Financial
Technical Outlook
Crude oil traded with bullish sentiments, as it ended with a 0.21% gain, where the upward movement has come post strong US economic data, and the recovery for the commodity looks underway, where we can expect a range of 5900-5693 in the upcoming sessions if 5939 levels are retested we may see recovery and as per the 1D chart, it is technically broken a "Descending Broadening Wedge", and indicated a sideways movement, and resistance is placed at 5854 and support at 5602, indicating that if support is broken, we can see further downside, up to the range of 5500 levels.
Research Report target
If able to sustain above 5780 buy for targets 5814-5851 while keeping an SL of 5721, sell if breaks below 5703 sell for targets 5635-5600, keeping an SL of 5739.
Crude oil Technical chart
As Reported By Enrich Financial
Provided by Market Pulse Technologies Pvt. Ltd.
Disclaimer:
The views expressed by the analyst in this document are of their own, and not that of Market Pulse Technologies Pvt. Ltd. (MPTPL) or any of it associates or subsidiaries. The information contained herein is from publicly available data and sources believed to be reliable. This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Nothing in this document should be construed as investment or financial advice, or to be construed as a solicitation or recommendation to buy or sell the securities/ commodities referred to in this document. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities/commodities referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. MPTPL, its associate or subsidiaries and employees shall not be liable in any manner for the loss/damage that may arise to any person from any inadvertent error in the information contained in this report. MPTPL makes no representation or warranties, express or implied as to the accuracy or completeness of the information, provides no guarantees whatsoever and shall have no liability towards any person for losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
Crude Oil Technical Report, 30/06/2023 : Enrich financial
30 Jun 10:12 Enrich Financial
Technical Outlook
Crude oil traded with bullish sentiments, as it ended with a 0.21% gain, where the upward movement has come post strong US economic data, and the recovery for the commodity looks underway, where we can expect a range of 5900-5693 in the upcoming sessions if 5939 levels are retested we may see recovery and as per the 1D chart, it is technically broken a "Descending Broadening Wedge", and indicated a sideways movement, and resistance is placed at 5854 and support at 5602, indicating that if support is broken, we can see further downside, up to the range of 5500 levels.
Research Report target
If able to sustain above 5780 buy for targets 5814-5851 while keeping an SL of 5721, sell if breaks below 5703 sell for targets 5635-5600, keeping an SL of 5739.
Crude oil Technical chart
As Reported By Enrich Financial
Provided by Market Pulse Technologies Pvt. Ltd.
Disclaimer:
The views expressed by the analyst in this document are of their own, and not that of Market Pulse Technologies Pvt. Ltd. (MPTPL) or any of it associates or subsidiaries. The information contained herein is from publicly available data and sources believed to be reliable. This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Nothing in this document should be construed as investment or financial advice, or to be construed as a solicitation or recommendation to buy or sell the securities/ commodities referred to in this document. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities/commodities referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. MPTPL, its associate or subsidiaries and employees shall not be liable in any manner for the loss/damage that may arise to any person from any inadvertent error in the information contained in this report. MPTPL makes no representation or warranties, express or implied as to the accuracy or completeness of the information, provides no guarantees whatsoever and shall have no liability towards any person for losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
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