Get started

Crudechart

Will crude oil hit the level of 56 or break the level of 53CrudeOil Analysis based on trend analysis. Trend After the fall from the level of 59, seems to have some bounce from the low level of 51. Now the trend is not bullish nor strong bearish based on the current level of holding. Analysis On my analysis, may have good entry at the lower level of 54 with the SL of 52.50 and the target of 56 to 56.50 level. But if breaks the support of 53, then it will leads to continue the bearish mode. Need to watch for the entry for long. Note Safe traders - better to avoid the risk until the trend get the clear view. Risk traders - avoid to take huge quantities. Regards Manikkam
NYMEX:CL1!Long
by UnknownUnicorn5317514
WTI CRUDE OIL (WEEKLY)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 forecast in the right direction. We had mentioned in the GAME CHANGERS(Money Control) newsletter about the CRUDEOIL reaching 3350 on MCX and on the Dollar terms around 53. The potential looks to be much more as the possibility of heading towards 56 is on the cards . The Weekly chart looks ominous and the potential is gaining momentum as the positive DI lines are beginning to head higher. The strong trended action to the upside will now be able to stretch further an reach towards the upper channel. Positive vibes continue to flow and the steady higher lows continue to indicate a run to the upside.Look to initiate long at current levels or on dips towards 50 as possibility of heading upwards is very much on the cards.
FX_IDC:USDWTILong
by Raja_Chart_Advise