Crude made a top on 03 Oct near Gann angle as shown in below chart and has shown a Major Breakdown as per below chart. We had a clean move from 1 gann angle to another. We are near support level as seen in below chart.
As disused in Last Analysis Crude will become Bullish on a close above 3730, Any close below 3512 can see fast fall towards 3250 where major support lies.
High made last week was 3726 and saw good pullback. Coming week as we have formed Doji on Weekly chart, above 3730 we can say correction is over. Below 3512 we can see correction till 3451/3375/3326.
Crude Time Cycle
Major Trend Change date for INR for November
Weekly Trend Change:3590
Weekly Resistance :3651,3713,3815
Levels Mentioned are for Nov Contract Crude