Crudeoil : Sell on rise at $60-61

Jun 26, 2019

Crudeoil should find resistance at falling trendline and pitch fork resistance line . The range comes at $ 60-61 where one should bool full profit if in buy and create fress short with stop loss abv 62.2 for target 58 & 56. Commodity is approaching +2 SD of 20 Day BB. Normally distribution says that at +/-3 SD 99% of observation should fall. One can take 3 SD as supply zone for the buying emerged above mid point.

Jun 27, 2019

Trade active

call didn't initiate. made high of $ 59.90 . cmp $58.70

Jul 1, 2019

Trade active

sell call initiated at $ 60.

Jul 2, 2019

Trade closed: target reached

after posting high of 60.26 , it has posted low of 56.60. cmp 56.74. book full profit