Crude Oil
MCX CRUDE OIL: Massive Rally is coming soonAccording to this chart, crude oil will keep moving forward and hit the following targets: 3600 - 4000 - 4400 - 4800 .
Here value 1 of retracement will react as support. And consecutive breakout of this support is a direct sign of a downtrend. It can be up to 0.886 (2982) to 0.786 (2735). You can use it as a target.
UPDATE: Identifying the Crude Oil Price Next Big MoveDid you read my 23 Nov report on crude oil?
Visit here: Identifying the Crude Oil Price Next Big Move
I had written in bold words, " smart investors can buy for 3260 - 3300 - 3360 - 3400 levels ".
Crude oil has touched the first three targets by making a high of 3376 levels.
Per lot, we have made a profit of 150+ points ( Rs.15,000+ ).
Crude oil Buy / Sell Based on Fibo and GannBuy Crude oil at 3097 Stop loss 3087 Target 3149 / 3190
Have a happy trading
CRUDECrude oil has given a fresh breakout after weeks of consolidation. This breakout could test $ 45, 48 & 51 (INR 3250, 3500 & 3800) provided it does not retrace beyond $41.30 (3070)
#OIL #CRUDEOIL Corrective may be completeThe previous suggested trade triggered the Stop. The subsequent action still fits into a correction and so we should still look forward to strong action to the downside. This will be a final wave down and is usually sharp. Look for a move that should take the issue down by about 20%. The earlier projections will now change as this now looks like a Flat correction and may not head down to the previous targets. New targets are still way down
CRUDE OIL : is the Tsunami wave coming ?? 39.33 is the key level , if it holds crude oil will become CRAZY !! buy on dips suggested for present case !
USOIL short we can go for short after base line breakout..
SL seing high .. targets mentioned in chart
Crude oil#crudeoil if it breaks this zone, the next is 3250-3300. Watch out for 3040 level for Breakout
#OIL #CRUDEOIL - a 25% fall is nearThe corrective upmove should be at its last legs. We should now look for weakness and enter short. A move to under $30 is in the pipeline.
The subwaves on the minute chat also indicate a 1-2, 1-2 pattern which should now accelerate if the days high is not taken
