Crude Oil market initially fell during the week, testing the area just above the $60 level. We are testing the uptrend line, turning around to form a hammer.The hammer is a very bullish sign, and it shows that we will continue to try to go higher.
If we roll over and break down below the hammer of the week, we will probably go down to the $62.50 level, just as a breakdown below that level should send this market much lower, perhaps dwon to the $57.50 level.
(7617460004) shreya
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