EXPECTING CRUDE TO FALL FROM CURRENT PRICE.... REASON FOR SELL CALL: 1) CHANNEL TOP IN 4 HOUR TIME FRAME 2 )GRAVE STONE DOJI AT 4 HOUR TIME FRAME AT CHANNEL TOP 3) HOURLY BEARISH ENGULFING 4) HIGHER TF TRENDLINE REVERSAL 5 )STRONG 4 HOUR RESISTANCE
Sell 4150 add more at 4170 sl 4185 tgt 4105/4080..
Position Buy abv 4185.. .strictly abv only valid.. If trigger wil update sl and tgts
Crude buy abv 4175 if actve update sl and spot and tgts.. Below that sell only don't try buy
Buy abv 4224 for 4265/90..every low avg upto 4175...
USOil has again revisited the contraction zone which has proved to be a resistance again.....as per the wave structure, bias is toward the downside.....and the RR seems to be in favor.