The chart of Crude oil is showing great opportunity at this point of time to accumulate as the mighty crude is forming a double bottom formation and further there is a good trend line support at this level, Traders can accumulate here the position for short term bounce with strict SL of 43 levels.
As discussed live on social media platforms MCX Crude made a low of 3462 yesterday, went up to our resistance of 3577.
3500 CE went 50% from our levels.
Support for the day
3389
Resistance for the day
3507
Expectation
Reversal from lower levels
My trade
I have issued a trade for 3500 CE on social media
Indian traders can short crude oil near 3560 levels near the bearish flag's high point for better risk to reward with strict SL of 25 pips for the remaining day. Profit booking will be seen during second half of the day. Amazing Risk to reward ration around 1:4
As discussed live on social media platforms we shorted 3577 high and went long at 3440 low. Traders made big ticket money yesterday.
Resistance for the day
3520
Support for the day
3452
Expectation
I am expecting $ 50 threshold to break in US session today which comes around 3664 MCX level
My trade
We're long 3500 CE @ 109
Real time updates
I post all...
As discussed live on social media platforms I advised to go long as 3343 MCX level was ready to get knocked down. MCX crude rallied all the way upto 3450 and morning gap up above probably 3550. Traders made tons of money
Support for the day
3391
Resistance for the day
3647
Expectation
Fireworks in US session
My trade
I'll post trades on social media platforms
The chart of crude oil telling the story itself that it is travelling into a bigger Descending Triangle formation and currently trading with in the channel which depicts that it will touches soon its possible support level @ 43.50 of the channel. Any bounce can be seen from there. Traders are using the selling on every rise which is already shown in the chart. If...
