After having a sharp fall in the last quarter of 2018, crude has shown the great rise, as every event always has the equal amount of reaction, plus multiple cycles helped to push it back to the upwards.
At present 'Crude Oil' is trading near a very crucial point, break below the shown angled line, can make it bearish from a short-term perspective.
Around 3 -weeks before at the low of 3651, Crude oil gave an excellent entry for making long positions, which rewarded us very well in a short period.
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As posted in the last analysis: The view is still the same Bulls need close above 10950 level for the move towards 11075/11200 & Bears to require close below 10750 for a move towards 10650/10550.
Yesterday Nifty was consolidating & trading in a very narrow range; March will be the critical month as multiple cycles conjunction will happen during this month.
For a shorter-term view, Bulls need close above 10950 level for the move towards 11075/11200 & Bears to require close below 10750 for a move towards 10650/10550.
Critical Support for today in Intraday is at 10760 / 10720 / 10660 & Resistance is at 10840 / 10880 / 10950.
Note: Above mention price projection & other Information are for educational purpose only.