YOU WILL GET CHANCE TO GO LONG ON OIL AT 6900 LEVEL AVOID FOMO AT CURRENT LEVEL hello everyone, price at cmp = 7000 - 7300 has multiple resistance from previous trend and with current trend price has left some imblanace zone and fair value area which is likely to be retested soon within current zone there will be trap on both side as big institute and banks...
price got rejected from dotted ascending trend line previously we have decide to go long on crude as there was good setup as per smc but price didnt came to our buying limits and a sudden gap down creates a panic and price got sold out now price has breached first higher time frame demand and halting at non mitigated level which is another higher time frame...
MCX Crude Oil Futures MCX:CRUDEOIL1! giving signs of exhaustion after recovering from downfall . expecting the fresh sell off trend to begin for potential targets zone . As per the Pattern expect the selling pressure to remain below 7800 levels . Do Comment , share and "LIKE" if you find this info valuable to use . Happy Hunting , Chintamani Disclaimer....
It seems in sell on rise mode as the trendline is broken. It can be short at retest of trendline are with small SL
CRUDE IS FORMING A SYMMETRICAL TRIANGLE LIKE PATTERN - AND REJECTING AT FIB 61.8 - 50 % LEVELS GOOD PLACE FOR SELL....CRUDE IS IN SELL TREND BETTER GO WITH SHORT'S... TARGET IS - 2800 STOP ABOVE - 2984