Mirae Asset Sharekhan

In today’s Commodity podcast, we have covered #CrudeOil Crude Oil price movement indicates a clear bearish trend, marked by formation of lower highs lower lows. The failure to surpass the resistance level at Rs 5800 (20 DEMA), reinforces the prevailing bearish sentiment in the market. This resistance level is crucial, its inability to be breached suggests that the downward trend may persist. On the downside, the key support at Rs 5550 level is critical for the price action. The negative crossover in the MACD supports the bearish momentum Watch now to know more:https://youtu.be/vvIHF8dMGK4Mirae Asset Sharekhan Research Team Disclaimer - https://rb.gy/jqplkw #MiraeAssetSharekhan #CommodityMarket #CrudeOil #MiraeAssetSharekhan #CommodityMarket