Buy Crude Oil At Cmp 3532, Strict SL - 3399
Target - 3850/4200
This is my 2nd call in addition of my previous crude oil buy call. Please see previous recommendation as well..
Gave sell call in crude oil has fully achieved given target. Now very crucial part -
Buy Crude Between 2775-2780 Strict SL - 2749
Sell Crude If Breaks 2749, Will Update SL & Target Once Breaks 2749.
Midterm forecast:
While the price is below the resistance 43.75, beginning of downtrend is expected.
We make sure when the support at 37.10 breaks.
If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 41.70 on 09/18/2020, so more losses to support(s) 38.85...
Midterm forecast:
. While the price is below the resistance 43.60, beginning of downtrend is expected.
. We make sure when the support at 37.15 breaks.
. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
Midterm forecast:
While the price is below the resistance 43.60, beginning of downtrend is expected.
We make sure when the support at 30.85 breaks.
If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...
Midterm forecast:
. While the price is below the resistance 43.60, beginning of downtrend is expected.
. We make sure when the support at 30.85 breaks.
. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
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...
