trend line breakout. Need to have follow up candle. We can take a long position with strict SL
Crude is respecting the black (lower) trend line , if breaks will touch the upper one (another black). I will long once sustains above breakout for target of 72.5
Anyside move may happen, Keep your eyes on the red box
WTI OIL seems to be bullish and if breaks upper trend line resistance (dark red) , next target 73 and then 73.5
Crude on 1 hr chart broke out, looking to go towards recent highs 75++.
Vedanta is bullish and on 1 hr chart it has given breakout: blue Zig zag line (pole) and a flag (symmetric triangle)
Crude has breached daily pivot and now heading lower. Opened gap up and now ready to fill the gap and go down. Keep a SL above today’s high.