Long Term Trend seems broken , utilize bounce to build shorts
1. CRUDE approaching its fire test at 49- 50 zone.... 2. if its able to clear then 53 -55 opens up... 3. if not able to cross then might test 43 again.... how to trade... 1. if at 49 u c a red candle with vol(is thr vol analysis for crude)....then sell it... 2. if it crosses TL with huge green candle buy .... suggestion : better to b away from it till 53 or 43...
targets r the black TL with strict SL at red TL... though if black TL is breached then 50 + opens up....
Buy @ CMP 50.75 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 (2007 to 2017). Actual Signal came some days ago but the price is...
C&H formation in process. Entry after breakout at 53.80. Target 60
Oil is showing signs of exhaustion on 30 mins chart at current levels of 50.13. Trendline break plus negative divergence on RSI makes it a good short term short bet for target of 49.40. Keep strict stop loss @ 50.55
Buy at 49.5 Sl -- 48.20 Tgt --51 tgt2 --52.70
according to me stop loss hunting will take place here.. So enter above 49 level will be safe bet. very nice fib cluster at 47 level so you can buy near 47-47.5 range with sl 46.2
wait for retracement as its channel breakout looks weak. Entry levels: 47- 49 Sl 44
Long term analysis for USOIL, unless ofcourse OPEC Messes around!
It can be observed that USOIL is testing resistance and is unable to do so. Short at 53.12 Targets : 52.77 & 52.44 Stop : 53.29
below today low if break one more day then crude in trouble.below this trendline pressure area.if trendline safe it back to upside