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Mcxcrudeoiltips

Crude Oil Price Setting Up For A Downside Price RotationFirst, let's talk about the previous update of crude oil. There, I have drawn the symmetrical triangle bearish pattern on the hourly chart of MCX's crude oil. I had written for the day traders, " ...the last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level ". THESE TARGETS HAS REACHED. And for the short-term traders, I had written in bold words, " this symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern. Downward breakout’s targets: 2610 – 2500 – 2460 ". Crude oil has touched the first target ( 2610 ) by making a low of 2606 level on 29 Oct '20. Now let's come to the point, will crude hit the second & last target or not? CRUDE OIL DOWNSIDE BREAKOUT ALERT! If crude oil prices break out the 2600 level, we will see 2540 - 2500 - 2460 levels before the weekend. Please note that don't sell it above the 2600 level. I have updated significant releases or events that may affect the movement of bullion & the energy sector commodities here:
MCX:CRUDEOIL1!Short
by freestocktips
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