The WTI CRUDE OIL to trade higher for the day and closed above $52.10 .This confirms major bullishness and a jump till $54.55-64.55/$ On the higher side, The WTI CRUDE OIL is facing strong psychological resistance around $54.10 and break above will take the crude to next level till $59.50/$64.55.
The near term support is around $50.40-49.80 and any violation...
Although current trend is uptrend but we forecast a downtrend wave would begin in Midterm.
There is a divergence in RSI and price between the peak at 70.35 on 2018-01-15 and the peak at 80.5 on 2018-05-22, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
USOIL looking out to break the strong resistance of 51.65 level. Once if the price break the 51.65 level the further uptrend may come upto 61.15 level.
It's a short term recommendation.
Buy above = 51.70
Target 1 = 56.60
Target 2 = 61.05
Stop Loss = 45.00
Total Reward Points = 9.35
Risk Points = 6.7
B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c from 43$ to 52$ with a double bottom- an important lesson from...
With WTI Crude Oil breaking a Crucial trendline its time to get bullish
Also, Watchout for the Head & Shoulder Pattern Big Targets of 70+ Can be Expected in Next Year or So.
Quite Bullish if it Can Sustain above $50 for few weeks :)
Happy trading Guys Cheers !!!