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...
Prices are still being held down by a downward trend line,
Investors are advised to stay short.
If prices break above the trend line,
we can go long again.
Sell Limit 54.40
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---------------------------- - 2019.06.11 in
58.05 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 58.05 is broken.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 50.70 on 06/05/2019, so more gains to...
risk reward as far as i think its good in long trade , then to go short ,
i can be wrong but its fine , as the sl is small , while in short trade i might get stuck ! and reward nthere is clearly undefined !