Shorting opportunity in MCX CrudeOil Futures if the price breaks the trend line and stays below the shorting zone.
SL: 2630, Target1: 2559, Target2: 2536
For the better time your entry, you can use a 1Minute time frame.
The analysis is valid for today only.
Disclaimer: All views and chart analysis shared are purely for knowledge and information purposes...
Crude oil 4h time frame. formed an H&S. price consolidating at right shoulder forming a bull flag pattern, wait for breakout to downside and put stop above right shoulder targeting 53.92, 51.85.
Reason:
1. confluence is that price reached at 50% and 61% fib level from head to right shoulder impulsive extension.
2. confluencce 4h time frame RSI is at extrem...
SWING TRADE IN APOLLO TYRES
SEPTEMBER FUTURES
WE ARE PLANNING TO GO SHORT ON CRUDEOIL
SINCE WHEN IT CROSSED $76.8 PER BBL ON BRENTCRUDE
240-48 WAS A BOTTOM WHEN WE CAME $80 PER BBL
LETS TRY THIS TRADE OUT
BUY@255
STOP@247
TARGET@272-278-285
LOT:3000
QTY:1
![CRUDEOIL1!: CrudeOil Day Trading Strategy [27 May 2020]](https://s3.tradingview.com/o/OPT8qBsn_mid.png "CrudeOil Day Trading Strategy [27 May 2020]")
