CrudeOil has made a sharp fall and now we are seeing indications of consolidation and a possibility of a bounce can't be denied. Its safe to close all the short position at CMP (50+)
Above 56 conservative traders can take long position for a target towards 63-66.30 zone
Aggressive traders can take long position above 53.30
Above 56 conservative traders can take long position for a target towards 63-66.30 zone
Aggressive traders can take long position above 53.30
Комментарий:
Gap up open and a solid bounce!
Aggressive traders can take long position above 53.30
Aggressive traders can take long position above 53.30
Комментарий:
Megaphone pattern breakout. WE can expect a good retracement.
The long term target for crude oil is $35-$26 (conservative targets. Expecting much lower levels)
This crude oil analysis is in line with my previous analysis posted on Sep 11