My View Crude Going Down... Touch New Resistance Line and Go Down...
Longs Wait till decisive Break of 3.00 on weekly basis. The Triple top could result in a sharp upmove (Bull Trap) & then Down for a correction !!!
Watch Crude Oil Level... Where Going Crude ????? UP DOWN UPDATE MY SIDE ONLY CONFIRM VIEW REMEMBER IN PRAYER
Watchout Crudeoil. Indicators Pointing Downmove. BUT IMPORTANT, wait for Confirmation.
Short Crude Oil My Final View 43.58 .....
On hourly chart, the price action breaks out from symmetrical triangle at the last hour of trading indication bearishness and dominance of sellers. It shall further go down on Monday. Target:155 Stoploss 161 Duration 1-2 days
The price action is consolidating after a trendline breakout on a weekly chart that indicates overall bullish sentiments. Bulls are charging up to take prices higher to around 95-100 levels. It is a good investment opportunity at current levels Target 95 Stoploss : 75 Risk Reward: 1:4
CrudeOil would continue going higher till 47.30 levels where it would complete Wave A = Wave C if its a 3 Wave ABC correction and probably start correcting from around those levels and go lower.. If its a 3rd Wave then we might see CrudeOil keep going higher and test the 50 levels again. Details are on the chart. Happy Trading!!
Reason : small two wave correction to south to trigger upside spark. Timeframe : Today, around 17.00-19.00 IST.
Reason : Exhaustion of down side correction in time manner to trigger upside spark. Timeframe: Today; around 17.00-19.00 IST.
Reason : Small downside correction is over. This to trigger further upside move as continuation of prevailing uptrend. TImeframe : By end of September.