As per my view, Crude is trading in a triangle.
Support: 47
Resistance: 48.55
If the trendline supports, I expect to see 47.9, 48.53, 48.9, 49.4, 50.55, 51.
Break below the trendline, I expect to see 46.8, 46.65, 46.3, 45.5, 44.9, 44.3.
Trade Idea:
Buy Nymex Crude between 47.1-46.8, Strict SL 46.6, TGTs: 47.9, 48.53, 48.9, 49.4, 50.55, 51.
Check below my charts on live analysis:
FIRST TARGET 47.9 HIT FROM 47.1.
Targets 47.9, 48.53, 48.9, 49.4 done.
Present Chart:
As per my analysis, I am still expect to see this triangle as leading triangle (wave4(wave c(wave1)).
TRADE AT YOUR RISK.
Support: 47
Resistance: 48.55
If the trendline supports, I expect to see 47.9, 48.53, 48.9, 49.4, 50.55, 51.
Break below the trendline, I expect to see 46.8, 46.65, 46.3, 45.5, 44.9, 44.3.
Trade Idea:
Buy Nymex Crude between 47.1-46.8, Strict SL 46.6, TGTs: 47.9, 48.53, 48.9, 49.4, 50.55, 51.
Check below my charts on live analysis:
FIRST TARGET 47.9 HIT FROM 47.1.
Targets 47.9, 48.53, 48.9, 49.4 done.
Present Chart:
As per my analysis, I am still expect to see this triangle as leading triangle (wave4(wave c(wave1)).
TRADE AT YOUR RISK.
