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IOC - Pattern break expected in the coming week
IOC
, 1D
IOC: IOC - Pattern break expected in the coming week

Look for long trades once the pattern breaks from the range, friday close was very strong indeed.

Sudden burst expected in crudeoil
USOIL
, 60
USOIL: Sudden burst expected in crudeoil

Crude oil in a range market after the big up trend. Now market is consolidating and the range is too small for the last 2 days. One can expect a sudden burst in the market when price cuts this range. Either UP/DOWN wait for the breakout and trade.

Crudeoil on Falling wedge pattern
USOIL
, 1M
Long
USOIL: Crudeoil on Falling wedge pattern

Crudeoil, as expected took support exactly on the trend line for the third time in this crisis. I expect the price to move slowly to 50$ depending upon the global conditions. But if price crosses below 19$ then it will go back to the last support 11$ which in turn good for investment purpose. Overall I conclude crude is on a BUY with a target of 50$ if not...

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