WTI CRUDE:Trading around 110 USD with 1.1% drop and is still trading above all its critical EMAs Viz 20/50/100/200DEMA.
Till it falls below 105 on a closing basis the threat for a break out exists.
It has formed a Flag pattern in 4-Hrly chart and the neckline resistance falls at 113-115
Decesieve close above 113-115 and neckline breakout may trigger a rally towards 125USD(For educational purpose only)
Till it falls below 105 on a closing basis the threat for a break out exists.
It has formed a Flag pattern in 4-Hrly chart and the neckline resistance falls at 113-115
Decesieve close above 113-115 and neckline breakout may trigger a rally towards 125USD(For educational purpose only)
Trade active
WTI CRUDE -Trading at 114+ and is dangerously poised,Getting nearer into the crucial 115 breakout zone now .If breaks 115 huge rally is on the cards and mat change the dynamics of the market and has the potential to halt the relief rally which the golbal market has been enjoying.
Keep an eye on Crude price and the resultant volatality too
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.