Crude Oil Week April 29 to May 03

Time Frame: 1 Day
1. Rejection candles from Support zone and 50 EMA. Price has not allowed to break these key levels
2. Previous trend is bullish. Level breakout and under retracement
3. 50 and 200 EMA golden crossover
Time Frame: 4 Hr
Crude oil has bounced from previous key level(Resistance converted to support zone)
1. Trend is Bullish
2. Filled FVG and taken support for 50 EMA
3. Bounced from 200 EMA.
Entry above : 7046
Target: 7257 ( 211 Points)
Stoploss:6916 (130 Points)