AbhishekHSinghCMT
Short

CrudeOil- 400+MCX Rally to end with H&S@43.77

NYMEX:CL1!   Light Crude Oil Futures
358 views
19
358 8
There is a head & shoulder pattern with head at 53.77 -neckline at 52.70$- Going below 52.70 - Can CrudeOil put a top to the upside rally with 53.77$ intact which started from 47$ in the update -Stretching in a final wave

Any upside move we shall look only above 53.40$ which is the right shoulder high.

Previous Update

Stretching in a final wave upside


Crudeoil- Bang on move -Slippery Oil             bounces at 47$- Essam Remark
Comment: 16th April2017

There was some typing error figures were 50$ instead of 40$ mentioned above only 47$ where rally started
Trade active: 08:21 Hrs 17th April2017

Good Morning!

Last Price@52.72

Sorry for Typing Mistake - Heading of this post also carries 40$ (43.77 -to be precise) - instead of correct- 53.77$ at the head top.
Trade closed manually: 06:57 Hrs 20th April2017

Closing the post.

Last Price@50.75

Crude cracks down from 52.70 to 50.70

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Congrats,
Reply
Nice Chart Abhishek Sir, Once taken 52.6, downward rally may kick in
Reply
@gulz, Yes, It can but we need fast move below 47$ to suggest that top@53.77$ is in place, otherwise there could be small down move & later it might cross 53.77$ for higher zone, which confirms only above 55$. If 55$ is crossed on upside then 63-65$ zone can be next attempt for Oil.
Reply
H&S in 30 min chart, very cine chart.
Thank you
Reply
@padiyaraa, Welcome
Reply
https://in.tradingview.com/chart/snTpVHHR/
entered short at $53.3 Now much worrying about the geo political situation.
Reply
@ajayww2, Can we do anything about geo-political situation. By worrying can we change the outcome.
Reply
ajayww2 AbhishekHSinghCMT
@AbhishekHSinghCMT,
OK Got it
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out