Crude(30.9.2016 ) traded higher in last few session & broken the consolidation area with higher volume. After a consolidation period of 6 weeks crude made a double bottom pattern with 2 bullish candlestick in September month. Meanwhile OPEC production cut also boosted crude price while real action on production still has to come. Doors are open now for initial...
i my view this is the right time go for short in 4 hours RSI touches 70 expected Target $ 44.50
Alert Curde Support Line Break My View 41.87---42.10 .....Coming
Buy Crude Oil My View 44.39... Coming Remember In Prayer
Watch Crude Oil Level... Where Going Crude ????? UP DOWN UPDATE MY SIDE ONLY CONFIRM VIEW REMEMBER IN PRAYER
Short Crude Oil My Final View 43.58 .....
CrudeOil would continue going higher till 47.30 levels where it would complete Wave A = Wave C if its a 3 Wave ABC correction and probably start correcting from around those levels and go lower.. If its a 3rd Wave then we might see CrudeOil keep going higher and test the 50 levels again. Details are on the chart. Happy Trading!!
Reason : Exhaustion of down side correction in time manner to trigger upside spark. Timeframe: Today; around 17.00-19.00 IST.
CRUDE SELL ON RISE
Reason : Small downside correction is over. This to trigger further upside move as continuation of prevailing uptrend. TImeframe : By end of September.