Rising Wedge pattern observed in BPCL. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 128 points. With confirmation of pattern occurring at 364, Target of the pattern comes in at 236. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as...
Crude Oil study - A possible fake out This could be a fake out. Be careful and stay away from going long now!
#WTICrudeOil #USOIL #Crude #CrudeOil
Just wait and watch the possible scenarios !
Brent Crude has taken support from a rising trendline. We could also see a "Morning Star" candlestick pattern adding to bullish bias. But 63.60 is an immediate resistance which will test the strength of Bulls. If price manages to break above 63.60, we can well expect crude to move towards 65.50. However, if the upward move gets arrested at 63.60 and manages to...
Short Crude Oil at CMP (56.60+) T1: 55.45 T2: 54.30 T3: 52.70 T4: 51.00 SL: 57.25
Prices have fallen below their two-year upward path, There is a high probability of a bear market in the future. Investors are advised to stay bearish for the long term. Feel free to contact me if you have any questions ! Follow me ! Show U The Money ! ---------------------------- 2019.06.24 in
IT HAS COMPLETED PREVIOUS TARGET FOR SELL AND NOW IT TURN BACK TO BUY. NOW BUYING STARTED!
Crudeoil should find resistance at falling trendline and pitch fork resistance line . The range comes at $ 60-61 where one should bool full profit if in buy and create fress short with stop loss abv 62.2 for target 58 & 56. Commodity is approaching +2 SD of 20 Day BB. Normally distribution says that at +/-3 SD 99% of observation should fall. One can take 3 SD as...
Buy Crude around 56.80-56.60 SL $ 55 target 59 -59.50 Buy MCX Crude at 3930-3920 SL 3840 TGT 4160
Midterm forecast: 60.15 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 60.15 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 50.90 on 06/11/2019,...