Crude Oil (MCX)
Current Market Price: Approximately 7005
We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market.
We remain optimistic about crude oil's prospects today. Crude oil has recently experienced a notable breakout, leading us to believe that it may reach levels of 7260 and 7590 in the coming days.
For the time being, we will set our stop-loss at 6670, and upon reaching the levels of 6900-6910, we may consider adding positions.
Stay tuned for further updates as the market progresses.
Current Market Price: Approximately 7005
We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market.
We remain optimistic about crude oil's prospects today. Crude oil has recently experienced a notable breakout, leading us to believe that it may reach levels of 7260 and 7590 in the coming days.
For the time being, we will set our stop-loss at 6670, and upon reaching the levels of 6900-6910, we may consider adding positions.
Stay tuned for further updates as the market progresses.
Comment:
Target one has been successfully attained in crude oil.