Brent, after breaking through prior high of 66.7 has now pulled back towards the same area. This move could just be a retest of that level and it wouldn't be a surprise if price appreciates from now. Hence long trades are preferable with tight stop below 66; because below which the price could fall to 64 or to the bottom of the Rising channel. On the upside, do...
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...