Crude oil is consolidating for a very long time. Now time is coming to have a big breakout.
When it closes above 6725 for 2 - 3 days. Then Buy at this level with stoploss 6500 tgt 9400, 10000
as price goes up trail your stoploss.
But in any case it closes below 5460 then a breakdown will be seen
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
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