Support and resistance on crude oil

Aug 27, 2018

Positional Trade

Aug 28, 2018

Note

Not able to break the resistance. Hopefully now we are heading for 68$. Short trade can be initiated for 70pips

Aug 30, 2018

Note

Resistance already kicked... lets hope its not strong and we are heading towards 72$...

Sep 4, 2018

Trade closed: target reached

All long targets are achieved. Crude oil shown good correction on each resistance level and gave us good profit on long positional from 68 dollars for target of 71 dollor and additional short position on each resistance level. Thought trade lasted for more than 3 weeks but gave pretty good profit.

Happy to close the target.