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.
Trade active:
call didn't initiate. made high of $ 59.90 . cmp $58.70
Trade active:
sell call initiated at $ 60.
Trade closed: target reached:
after posting high of 60.26 , it has posted low of 56.60. cmp 56.74. book full profit