Crudeoil : Technical View : 15.11.2019
* On the daily chart, the price closed with negative note and slipped 0.89% in the last
session.
* However, the price has sustained above the Falling Trendline, which adds support in the
counter.
* Furthermore, It has shifted above the 50*200 days SMA’s, which have witnessed positive
strength for short term.
* Momentum indicators RSI(14) has shown positive crossover, which indicates bullishness.
* With these technical analysis; we expect bullish move on the counter.
session.
* However, the price has sustained above the Falling Trendline, which adds support in the
counter.
* Furthermore, It has shifted above the 50*200 days SMA’s, which have witnessed positive
strength for short term.
* Momentum indicators RSI(14) has shown positive crossover, which indicates bullishness.
* With these technical analysis; we expect bullish move on the counter.