Crude Oil in a Traingle Range

Jun 27

Crude Oil forming a Traingle Pattern on Daily Time Frame.Price is currently going towards its resistance.Resistance levels are looking strong at the point of confluence of Angular and Horizontal Trendline Resistances.Lets see the price action at the resistance levels.

Jul 10

Trade closed: target reached

AsNow you can see ,the crude oil came down from the resistance as it was strong(confluence of angular and horizontal trendline).It was a good Selling opportunity.9Given 1:2 easily)