M&M: TREND positive
However, hourly charts are indicating a sluggish bearish divergence.
Looking at the previous two instances, it indicates a RANGE bound price movement for the next 1-2 weeks atleast.
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Crude Oil prices likely to taper below $100…
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#MarketsWithETNOW | Is the #crude concern overblown? What do the charts indicate? What will be the trend going forward? Watch to find out as @kbbothra analyses #Brent #Crude #Oil #StockMarket pic.twitter.com/4SBSfpiKmd
— ET NOW (@ETNOWlive) June 1, 2022