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Touched the upper range of triangle as per chart , not showing strength , making an inverted hammer right on trendline resistance , expecting good downfall .
US OIL || Day chart analysis | #CRUDOIL #USOIL
As analysed earlier the target perfectly hit.
Next target mentioned in the chart... 51 Usd
As per below hourly time frame still crude is in down trend...
In day time frame crude oil is forming triangle pattern.
So almost now crude near by resistance.. so coming days crude oil is expecting down trend.
WTI CRUDE RANGE BOUND TILL YEAR END, WILL BE BREAKOUT OR BREAKDOWN FOR A BIG MOVE, MOSTLY DOWN, TGT AT 45 AND 30
Short UKOIL - Target 62.50-63
Confirmation - Long Upper Wick
We are presently within a triangle.
Crude to head lower.
Target - 62.50-63
short scalping crude oil
CRUDE OIL IN BUY ZONE,
SELL ONLY TRADE BELOW 58.60 FOR THE TARGET 57.85 AND 57.10
BUY ON EVERY DIP
Just wait and watch the possible scenarios !
Crude oil has made Decending Triangleon monthly chart since 2008 clear indication of a crash.
Short Crude Oil at CMP (56.60+)
Analysed levels mentioned on chart...!!!
IT HAS COMPLETED PREVIOUS TARGET FOR SELL AND NOW IT TURN BACK TO BUY. NOW BUYING STARTED!
SHORT MCX CRUDEOIL ........
STOP LOSS OR TARGET .COMMENT ME
will reach 51.50 and inventory positive uptrend may happen
Buy now for target of 59.80