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...
XAUUSD has made a long term correction which now seems to be complete on the upside and a decline is inevitable which would break the previous lows and go towards 900 for the target.
This would take several months or a year to play out..
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...