KumarAbhilash
Short

crude oil- head and shoulder

TVC:USOIL   CFDs on WTI Crude Oil
157 1 12
on weekly chart crude has formed a head and shoulder pattern .
breakdown of which has been occurred on charts.
lets analyse all time frame one by one
weekly
snapshot

daily
snapshot

in daily chart its going down in a channel . today it broke imp support/ neckline of h&s pattern at 44.
strategy -
sell crude on bounce with sl of 46.5 for 33
Comment:
snapshot

wow made high exact at 44.10 and fell
awesome, levels spot on
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