Crude oil finally is below the weekly rising wedge.
In the daily TF, price breaks below the descending triangle with a spinning top. Bulls still have unfinished business I guess. Bears need to watch out until the downtrend is confirmed.
Monthly support/resistance for Jul: 48.75, 48.52, 48.62, 49.06
In the monthly TF, price is around the mid of BB. Bulls and bears need to watch for the next move, whether up or down. As mentioned previously, July would be tricky to trade.
In the daily TF, price breaks below the descending triangle with a spinning top. Bulls still have unfinished business I guess. Bears need to watch out until the downtrend is confirmed.
Daily support/resistance on 11th Jul: 45.20, 45.37
Weekly support/resistance for 11th - 15th Jull: 47.06, 45.77Monthly support/resistance for Jul: 48.75, 48.52, 48.62, 49.06
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