Short Crude Oil at CMP (62.15+) T1: 61.00 T2: 60.00 T3: 59.50 SL: 62.80
Crude oil has been trading within a broadening pattern and we will be looking forward to grab the next move depending on the price action. Currently its at the megaphone resistance. We will wait and watch for now and take a position based on the current candle close
Crude oil broke support, the trend is likely to set. Keep eye and enter trade
Brent Crude-Shorting Opportunity Low risk high reward short trade coming in this. Good to short near 68-69.5 with SL above 71 for target 62-58
Chart Advise has been recommending in its advisory for a a CRUDE OIL buy and the view has been fantastic. The steady upward traction seen on the charts since the past few days once again reiterates the point that the prices always speaks ahead of the move. I have found Pitchfork to be quite an important weapon against the trend. It has helped me several times to...
Crudeoil has been trading withing a parallel channel. please use this chart as a reference in addition to your analysis.
Let It Break decisively. Till then you can take advantages of intra-day short ranges. But do that with strict risk management. Finally the pattern at present looks Bullish, BUT it can go either way. Because on the flip side of it - COT reports are Bearish, open interest is at record high and Commercials are record short(more than they were at 2014 drop from...
Still Playing between the two Levels & DIRECTIONLESS Until it breaks either level convincingly, look for small and short term trades on lower time frames. I will personally have a short side bias.
I am planning to short Crude oil if it breaks down in the evening US session, using lower timeframes for entry. Nice Risk Reward
Both the Levels STILL Holding Nicely. Have Patience
USOIL looking out to break the strong resistance of 51.65 level. Once if the price break the 51.65 level the further uptrend may come upto 61.15 level. It's a short term recommendation. Trade: Buy above = 51.70 Target 1 = 56.60 Target 2 = 61.05 Stop Loss = 45.00 Total Reward Points = 9.35 Risk Points = 6.7
I will Favour Shorts Below 49.50 and Longs above 54.50 with bias towards Shorts Happy Trading and Happy Christmas.
Gap UP on Monday, Distribution and the kind of price action of last 2 Days, I am staying away from this market for the time being. i will be interested in going long only between 55-60 Level.
Crude OIl Weakly Chart Show Head And Shoulder Pattern Trade Only Close Above Neckline Storg Up Move Crude Oil My side Target $61... $66... $73.. HAPPY TO HELP
My advice is to stay away from this market for the time being.
CL1 watchout again, yesterday from 47.80 it made 49.20 till now and came back now again to that level @47.80. Now what? Now as CL1 is giving a negative breakout so if it breaks 47.70 then we can see a downfall upto 47.45/47.10, on the upside it should not break 47.90
CL1! has been trading in rising channel pattern. The prices have tested the lower band and moving northwards. The minor hurdle (black dashed line) at $46.50 if cleared by Bulls (on closing), we might head towards $54-58.
Get Ready for the Downside Move. At Least till PINK Area, by Tommorow