Crude oil short (31 Dec)Crude oil short (31 Dec)
RSI- 39
Prices falling with increasing volumes
Sell at CMP- 5648
SL- 5705
Target- 5588, 5546
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
CLG2033 trade ideas
Crude 3 possibilities 1 ResultIn my view cycle from Mar20 Low is completed with wave I red and now we are into formation of corrective cycle in 5-3-5 pattern ((A)) -((B))-((C)) black. Out of which ((B)) black is either completed as shown in BROWN path or can complete after one more leg up as shown in BLUE path or BLACK path.
In either case we are expecting one more 5 wave down to ((C)) black once ((B)) black connector is done. Once 4706 level low made on 02DEc is broken that will confirm connector is made and based on that we will be able to identify the entry level for our Long position. and we will be entering Crude in Blue color area marked for at least a bounce or a reversal of trend.
Crude oil short (20 Dec)Crude oil short (20 Dec)
RSI- 29
Long term support breakdown
Sell at CMP- 5195
SL- 5235
Target- 5091, 5043, 5015
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Crude good to short.Trend of crude oil is strong downtrend.
Very good opportunity to short crude oil.
5336 Looks great for OIL 5336 Looks great for OIL , where you can find some good support level , Interesting place for investment
Keep an eye on CrudeoilOnce it gives breakout from confluence zone one can buy above 5540 for tgt of aroud 300 points for swing trade
Short wtiWTI has made a ABC correction wave after 12345 fall from 83 till 62. WTI should fall til 59 and second target
Crude target is planned in future priceReady to sell crude oil view is clear
First and second target definitely reach with in a month of dec30
Are these red candles a trap in Crude Oil?We are bullish on crude oil for short term (one can say till expiry 17 dec)
Risky traders can take long position in trade with a strict stop loss of 4620 for a target of 5450.
=======
We are still trading in the range between 4600 and 5500.
Any lower or upper breakdown will decide its direction again.
=======
Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Follow the rules, be patient and stock market will definitely reward you...
=======
Follow to get regular updates
Take care & safe trading...!!!
Regards
=======
