Crudeoil : Technical View : 21.11.2019
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On the daily chart, the price closed in a positive
note and rose by 2.47% in the last session.
Moreover, the price took support from the lower Bollinger Band, which adds strength in the counter.
Furthermore, the price has also closed above the 50*200 EMA which indicates Bullishness
In addition, momentum indicator RSI (14) has shown crossed above the 50 level which is strong for Crude Oil.
As per the above technical structure; we expect bullish move in the counter.
.
Moreover, the price took support from the lower Bollinger Band, which adds strength in the counter.
Furthermore, the price has also closed above the 50*200 EMA which indicates Bullishness
In addition, momentum indicator RSI (14) has shown crossed above the 50 level which is strong for Crude Oil.
As per the above technical structure; we expect bullish move in the counter.
.