CMP: 62.75.
Nymex Crude Resistances: 77.80/69.53.
As long as the above levels resist, my strategy is SELL ON RISE with strict stop loss at 70.
Next targets: 61.00-[60.84]-60.44-60, 58.7-[58.43]-58.2, 55.70-[55.43-55.13]-55.00, 52.3-[52.12]-52.00, 50.3-[50.12-49.72]-49.5, 46.9-[46.72-46.42]-46.3.
I will be reanalysing my chart if crude moves above 69.53. As long as 69.53 resists, this view is VALID.
TRADE AT YOUR RISK.
Nymex Crude Resistances: 77.80/69.53.
As long as the above levels resist, my strategy is SELL ON RISE with strict stop loss at 70.
Next targets: 61.00-[60.84]-60.44-60, 58.7-[58.43]-58.2, 55.70-[55.43-55.13]-55.00, 52.3-[52.12]-52.00, 50.3-[50.12-49.72]-49.5, 46.9-[46.72-46.42]-46.3.
I will be reanalysing my chart if crude moves above 69.53. As long as 69.53 resists, this view is VALID.
TRADE AT YOUR RISK.
