Wednesday, 21 May 2025

XTIUSD / CRUDE OIL / CL Analysis 21-May-2025: Bull or Bear?

 LTP 62.70

Supports: 55/54.55

Resistances: 64.89/71.21/79.55/83.93


As long as 64.89/71.21 resists, we can see more downside.

Targets on the downside: 55.77, 51.93, 48.64, 45.77, 41.21


On the upside, important resistances 79.55/83.93.

Break of these two levels, we can see big bull run towards 121/233 in the long run.


As of now, I expect down move towards 52-45 before big reversal.


https://in.tradingview.com/chart/XTIUSD/1bSegHTJ-XTIUSD-CRUDE-OIL-CL-Analysis-21-May-2025-Bull-or-Bear/

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