Natural gas range is default range is elevated to 3$, hence we can expect the same 3$ level from the current levels, patience is the key. Take calculated risk after deep analysis. as the liquidity is low at higher levels repeated Sl hunting will happen.Trade with cautious
Crude oil is running in a channel.
Crude oil is moving in a fixed channel. If you get a chance to buy near support line go for long in crude oil, as mentioned in earlier blogs we are bullish on crude oil untill it achieves a target of ₹ 6500.
Do follow our stop loss stretagy.
#Crudeoil Oct Short
Sell at CMP- 6090
Target- 6005, 5970, 5925
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Charts and views are only for educational purpose.
In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December.
Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021.
Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in...
The XTIUSD has formed a very clear DOUBLE TOP pattern and is now expected to go through a reversal. According to our analysis, it will start moving downward and our next target will be 69.4.
Happy Trading guys.