If price trades below $21.90, selling is advisable. Heavy sellers dominated from $26 to $20.77. Then buyers were able to retrace only till $23.60 - the recent high. Price is taking a dynamic resistance of 20 EMA - which is kind of strong trend indication. First Opposing Force for this fall can be expected around $20.25 to $19.70; further price can test $18.60 as...
Ascending triangle pattern is seen. The pattern is broken at top and we can expect the price to travel till $27.50 ranges. This could be a temporary push; after testing the $27.50 ranges, price can fall further - either till previous low or even below. Lets wait and see.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 15 to 20 times.
Buy USOIL at CMP 58.30 and on dips upto 56.40 T1: 65.50 T2: 69.50 T3: 74.50 SL: 53.40
TVC:USOIL ...Hmmm... Now Short, Then Long . . .
weekly triangle breaked and taking support on previous week's resistance so up move expected..... target 1 is $61 target 2 is $64 stop loss 54.90
REASON FOR SELLL CALL: 1) SOLID SUPPLY ZONE REACHED AND REVERSAL FOUND 2) DAILY TF TRENDLINE REVERSAL FOUND 3) REVERSING FROM ASCENDING CHANNEL TOP TVC:USOIL TVC:USOIL
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 8 to 12 times.
Sell Zone for Intraday 2nd Dec 2019 MCX 4065-55 sell side
EXPECTING CRUDE TO FALL FROM CURRENT PRICE.... REASON FOR SELL CALL: 1) CHANNEL TOP IN 4 HOUR TIME FRAME 2 )GRAVE STONE DOJI AT 4 HOUR TIME FRAME AT CHANNEL TOP 3) HOURLY BEARISH ENGULFING 4) HIGHER TF TRENDLINE REVERSAL 5 )STRONG 4 HOUR RESISTANCE
Crude Oil might head towards $54 & below levels if the given breakdown is sustained
Buy USOIL at CMP (51.55+) T1: 58.40 T2: 60.25 T3: 63.00 T4: 66.00 SL: 50.45
Buy USOIL between 58.7 & 57.50 T1: 63.30 T2: 65.80 T3: 69.00 T4: 72.60 SL: 53.80
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...