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...
Short Crude Oil at CMP (56.60+) T1: 55.45 T2: 54.30 T3: 52.70 T4: 51.00 SL: 57.25
Prices have fallen below their two-year upward path, There is a high probability of a bear market in the future. Investors are advised to stay bearish for the long term. Feel free to contact me if you have any questions ! Follow me ! Show U The Money ! ---------------------------- 2019.06.24 in
IT HAS COMPLETED PREVIOUS TARGET FOR SELL AND NOW IT TURN BACK TO BUY. NOW BUYING STARTED!
Crudeoil should find resistance at falling trendline and pitch fork resistance line . The range comes at $ 60-61 where one should bool full profit if in buy and create fress short with stop loss abv 62.2 for target 58 & 56. Commodity is approaching +2 SD of 20 Day BB. Normally distribution says that at +/-3 SD 99% of observation should fall. One can take 3 SD as...
Buy Crude around 56.80-56.60 SL $ 55 target 59 -59.50 Buy MCX Crude at 3930-3920 SL 3840 TGT 4160
Midterm forecast: 60.15 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 60.15 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 50.90 on 06/11/2019,...
Crudeoil short term bullish if 54.58 taken out then 55.72 to 57.05 possible in three days. if 54.58 gets rejected then 50.66 downside possible and continuously will be bearish till 42 again.
Buy USOIL at CMP (52.45+) T1: 56 T2: 57.50 T3: 59 SL: 50.55
Accumulation is over and now markup is on the way , you can buy after some fall or consolidation
Crudeoil is trading at support of pitchfork line. Also CCI has shown positive divergence with cross over about last peak + above -100 line.It can run upward towards the pitchfork resistance line provided $ 50 is held on closing basis. Also, it is trading near the 61.8% retracement of entire rally. We can also see that how negative divergence on top ,supported by...