Crude analysis as of 26 aug
As per our analysis crude did drop yesterday but did not reach our target price. Whether it's a buy or a sell either way holding positions for long are not giving value. Short term trades are what one should look for in this market currently.
.
Grinding higher at a slow pace as has been the case for long but has reached the top of the range 43.50$.. going short here risking 10 pips on top of the ceiling might give a good risk return opportunity. Having said that again holding a short for long will be risky as its a very choppy market. We will most probably look for short term trades here!!
.
Grinding higher at a slow pace as has been the case for long but has reached the top of the range 43.50$.. going short here risking 10 pips on top of the ceiling might give a good risk return opportunity. Having said that again holding a short for long will be risky as its a very choppy market. We will most probably look for short term trades here!!
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.