Here i will update what i have learned in last few months.
As per my learning...........Crude is in bearish trend. Prices may take support at nearly 5980 levels, any break below the said level then again a correction is expected and may bring down the prices to 5900 and 5870 immediately. Only a breakout above 6110 levels will turn the Crude bullish till then sideways to down side only.
This is my conclusion from what i have learned....let see how much correct i am.
MY POSITIONAL CALL for WEEK ( from Monday to Friday)
Sell crude oil only below 5980 though it may rise up to 6020 also after sell execution . Put stop Loss above 6065 for targets 5900 and 5880.
Friends give your views...as this is my new thread.....Especially i need guidance from tamil trader and vijay sir
As per my learning...........Crude is in bearish trend. Prices may take support at nearly 5980 levels, any break below the said level then again a correction is expected and may bring down the prices to 5900 and 5870 immediately. Only a breakout above 6110 levels will turn the Crude bullish till then sideways to down side only.
This is my conclusion from what i have learned....let see how much correct i am.
MY POSITIONAL CALL for WEEK ( from Monday to Friday)
Sell crude oil only below 5980 though it may rise up to 6020 also after sell execution . Put stop Loss above 6065 for targets 5900 and 5880.
Friends give your views...as this is my new thread.....Especially i need guidance from tamil trader and vijay sir