Crude Oil (USOIL) 15 min chart study - Triangle
1) Facing resistance at trendline 2) oil prices crossed crucial level of 80$, likely to got to 90-100$ 3)Made bearish candle at resistance with high volume
STBT IN BPCL SEPT FUT SEPTEMBER FUTURES SHORT@370 STOP@375 TARGET@360 LOT:1800 QTY:1
Bullish sings, go ahead and buy it, could go upto 180 in coming weeks.
Buy USOIL at 68.15 T1: 69.10 T2: 69.90 SL: 67.15
Buy USOIL between 71-70.25 T1: 72.50 T2: 74.25 SL: 69
Short USOIL between 67.70 - 67.80 T1: 66.85 T2: 66.30 SL: 68.25
IF IT BREAKS THE NECK LINE IT CAN GO TO THE NEXT SUPPORT ...IF IT BREAKS THE NEXT SUPPORT TOO WE CAN SEE A HUGE DOWN FALL (OR) IF IT DOES NOT THEN THERE IS CHANCE FOR DOUBLE BOTTOM HENCE THE SAME RULE APPLIES THERE
SWING TRADE IN JETAIRWAYS SEPTEMBER FUTURES NOTE:THIS TRADE IS SUGGESTED ON BASIS OF OIL STUDY DONE BY THE ANALYST WHO ASSUMES TO SEE CORRECTION IN OIL MARKETS BETTER TO CREATE LONG POSITIONS IN OPTIONS MARKETS TO CAP THE DOWNSIDE ITS A POSTIONAL TRADE IN JETAIRWAYS BUY@286.5 STOP@280 TARGET@300 LOT:1200 QTY:2