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
daily
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
breakdown of which has been occurred on charts.
lets analyse all time frame one by one
weekly
strategy -
sell crude on bounce with sl of 46.5 for 33
Comment:
wow made high exact at 44.10 and fell
KA