Brent Crude : It's Time to book profits & Wait
Updated
Crude is now trading between its 50% & 68.2% fib retracement level.
Also brent has now reached a resistance -- parallel channel on weekly
Looks Like a abc correction - of which wave b is about to start !!
Since June month is lined with surprises : FED Meet, Brexit ....
Best to sit out rather than go long or short -- too much volatility will come into play !!
Biased Views : - FED Goes with The Hike
And No Brexit
Also brent has now reached a resistance -- parallel channel on weekly
Looks Like a abc correction - of which wave b is about to start !!
Since June month is lined with surprises : FED Meet, Brexit ....
Best to sit out rather than go long or short -- too much volatility will come into play !!
Biased Views : - FED Goes with The Hike
And No Brexit
Trade active
Wave B correction !!
Trade closed: target reached
Crude reaches near to support ! ! If you can wait a bit u can get it below 40/41 !!
Time to go long on Crude once again !!
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