If price trades below $21.90, selling is advisable. Heavy sellers dominated from $26 to $20.77. Then buyers were able to retrace only till $23.60 - the recent high. Price is taking a dynamic resistance of 20 EMA - which is kind of strong trend indication. First Opposing Force for this fall can be expected around $20.25 to $19.70; further price can test $18.60 as...
if it breaks 20.30 then it will go 17, 12 else it will be 27. Let's wait and watch how the market is performing.
Just plotted the graph. Lets see how it behaves with Fib.
Ascending triangle pattern is seen. The pattern is broken at top and we can expect the price to travel till $27.50 ranges. This could be a temporary push; after testing the $27.50 ranges, price can fall further - either till previous low or even below. Lets wait and see.
So much is changing everywhere.
Next, we'll see there.
Crude after the saudi news has now consolidated and showing some volatility for traders. Resistance for MCX Crude 2763 Expectation Upper range to stay near 2700-2800 for the week. Trade Real time trades can be obtained from me via social media platforms
Expecting bottom formation in range of 26-30 in a few months as per long term trend lines
As discussed live on social media platforms I advised to go long as 3343 MCX level was ready to get knocked down. MCX crude rallied all the way upto 3450 and morning gap up above probably 3550. Traders made tons of money Support for the day 3391 Resistance for the day 3647 Expectation Fireworks in US session My trade I'll post trades on social media platforms
* Horizontal Trendline Support * Rising Trendline support on RSI #KeepItSimple