ShekharChatterjee

CRUDEOIL Futures, a quite favorable intraday trade

Long
MCX:CRUDEOIL1!   CRUDE OIL FUTURES
The Crude Oil Futures have taken a beating for quite some time now, and it is time for quick recovery.
The descending triangle is making a base around very very strong support at 4250. If the price moves sideways or breaks the downtrend, we can keep the SL as on the chart and go for the targets mentioned on the chart. When you trail, always keep your trailing SL at the previous target -30 points and trail.

Happy Investing!

Trade active: T0 done. Holding with 4370 SL
Trade closed: stop reached: Trailing SL hit. Booked 17 points only. Still profitable trade.

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