NYMEX:CL1! CL Near "D" zone of AB=CD pattern. 161.8% Extension of Fibonacci is @ $ 55+. Watching price action closely for any short trade. Next resistance (If breaks this level) @ $58. First immediate target would be $ 50 (i.e "B" level), If price action says to short.
Crude is on the verge of breaking the trend line resistance, if break out happen we shall go for target levels mentioned in chart.
Crude is short for the levels indicated in charts.
Crude has given fresh breakout on daily charts, one can buy for the targets indicated on charts. Stoploss shall be inside triangle. Have less risk trade.
Crude become low risk intraday bet for me. One can look both side opportunities as per chart, entry and target level given in charts. Stop loss can be inside small range.
Short crude oil mentioned levels in chart.
penant formation with anticipated break on the downside will push crude prices to 50% fib retracement ...inventory report might bring whipsaw movements so be careful with ur stoplosses
As US Crude oil current year price trading in thick range in between 54 $ to 43$ continuously price manged to trade on ascending trend line. Now price is trading @ 46.30 while writing this post, Traders can buy Crude oil around 45.50 to 46 levels and manage to place your stop below 44.40 levels, As per COT reports slowly long positions are building upside levels...
Hi guys dont miss this trade we can expecting fall upto $42 and than $38 -Trade with care and safe
Buy @ CMP 50.61 Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script (). This system works on Daily bars and so entries or exits are at the next market open after getting signal. Key performance metrics generated from TV Backtester are published below (1984 to 2017). Actual Signal came some days ago but the price is...
There is a head & shoulder pattern with head at 53.77 -neckline at 52.70$- Going below 52.70 - Can CrudeOil put a top to the upside rally with 53.77$ intact which started from 47$ in the update - Stretching in a final wave Any upside move we shall look only above 53.40$ which is the right shoulder high. Previous Update Stretching in a final wave upside ...
Wow!- what a knock as Oil bounces from 47$ to 50.85$ on global exchange & on local exchange -MCX (Multi Commodity Exchange) from 3075 to 3288. Previous Update - Stretching in a final wave before collapse As per short term update in previous post- Taking stops below 47$ & looking for a bounce was the strategy which has paid well so far. Next resistance comes...
In Dec1998 when crudeoil was trading at 7$ -no one even thought that it will travel to 147$ from 50$ base. The explosive rally from 50$ to 147$ was in wave-5 & It behaved exactly as bookish structure. In commodities wave -5 is 80-90% time bigger than wave-1 & wave-3- which was the excellent case for the oil between Jan2007 & July 2008 5th wave scenario. Always...