Crude Oil as on 04 Aug 2022

Crude is falling following descending channel.
Two major supports are at 7250 and 7175 on Daily time frame.

Below 7175 more steel fall expected.

Once give Breakout above Red resistance line and retest it, more upside move expected till 8000+ in coming weeks.

This is my personal view and is only for educational purpose only. Take your financial advisor advice before investing.

Happy trading :-)