Crude Oil: October View

Crude Oil MCX
This is the daily chart of Crude Oil on MCX. We see a potential H&S pattern developing on the charts with resistance at 6630-6650 levels. Currently, it has support at 6340 and we expect some bounce in Crude till 6600-6650 levels. Once crude breaks 6340 levels, then expect a fall till 5970 and 5500 levels eventually.
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