MCX Crude Oil W.D. Gann Method
By going deeper, on another hand, we can see the combination of a price war between Saudi Arabia and Russia and demanding destruction from the government ordered for the lockdown to stop the spread of Covid-19.
The crude oil industry has seen cycles of explosion and shock over the past decade, affecting shipments, and demand.
But now, Countries are showing signs of lowering the lockdowns, and even Saudi Arabia is making efforts to support the oil prices.
By calculating each and everything the technical analysis of the oil chart shows upward movement, and to support this we have set the target to 1874 points, you will see the rise of prices in crude oil in May 2020.