Get Ready for the Downside Move. At Least till PINK Area, by Tommorow
Dear Traders Triangle formation of BPCL in 15mins chart and it may break either side. Hurdle for long - EMA 50 lying above the price and it will act as a Resistance. Other indicators like MACD, Stochastic and RSI looking bullish. No trade until the price break the triangle.
Crude Broke Uptrending Line. I will start Looking For 36 Region, ONCE it gets below and STARTS CLOSING below 44 Level. Keep watching
Just a warning. Tighten Stops. Just in Case?
For next several days i am keeping a short side view of Crude Oil. But for that decisive break of RED Line is essential
Greetings oil traders, As you can see from the chart which is in weekly time frame, the move (INTERIM rally) is just a correction for the down trend; say for the super cycle wave (Y) Therefore, we sure say that the current move is merely a retracement for the Super cycle wave (Y) and the initial move (X) has been stagnated for some time at the areas of 23.6%...
Alert Curde Support Line Break My View 41.87---42.10 .....Coming
My View Crude Going Down... Touch New Resistance Line and Go Down...
Watchout Crudeoil. Indicators Pointing Downmove. BUT IMPORTANT, wait for Confirmation.
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!!