Brent Oil
CFDs on Crude Oil (Brent)
Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
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US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
WTICOUSD is on the verge of breaching the downtrend resistance line in a weekly time frame chart. It will achieve its first target 60.352, provided weekly closing above the resistance line. Moving forward, consistent buying pressure will force it to climb until the second target63.781
Crude looking to reach near 60.467 and fall from there is possible till 57.376 waiting for a strong rejection near 60.467/480 and would be looking to short with an SL of 61.50.
crude forming bullish pennant on daily chart .. We can look for target 49.5 on break above pennant pattern
Crude oil chart posted earlier today.... same one updated with RESISTANCE LINES. Channel has been broken and now it remains to be seen if RESISTANCE will be broken on upwards movement.
CRUDE OIL CHART. 15 min TF. Crude seems to be moving in a channel like formation.
Seems there is a Strong Support @42$. If Break and sustain below 41.8$, go for Sell. Target 39$, Keel Strict SL 43.3$.
We had posted earlier chart and went short at $55 on retest of flag for targets of $49.5 and $43. Refer below chart from history Now One can go long into it with SL below $40. You can take entry at $41.8-42.5. On close below $41, next long chance would be at $36. Dont miss this long trade...
finally Crude completed my target $42 -- lets see whats next $38/27? or will revers from here ?
the bearish momentum is constant and strong, we expect to go through those 600 pips with the formation of the waves