Crude is following an ARC and a channel
Crude is near the upper Arc so a possible testing level for it ,
it is also following an upward channel
Monthly MACD is positive , mid bollinger will act as a possible support
Weekly MACD is positive, 10 MA and 100 MA nearing a closeup, many time, price wait for some time after a closeup before further movement , both lines are parallel, we also had closeup of 20 MA and 50 MA which are also almost parallel and waiting for a split, so a decision point
Day MACD is negative with downward split
trying to give my pattern levels in the comment section
it is also following an upward channel
Monthly MACD is positive , mid bollinger will act as a possible support
Weekly MACD is positive, 10 MA and 100 MA nearing a closeup, many time, price wait for some time after a closeup before further movement , both lines are parallel, we also had closeup of 20 MA and 50 MA which are also almost parallel and waiting for a split, so a decision point
Day MACD is negative with downward split
trying to give my pattern levels in the comment section
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12M
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6M
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6M in day tf
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weekly closing
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next week
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day trend line in 5m tf
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closing this analysis, price got the rejection from the curve pattern level
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thanks for the support
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