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Pondy_Traders
Jan 23, 2023 12:07 PM

Crude Oil looks Extremely Bullish Long

Crude Oil FuturesMCX

Description

Crude is bouncing from a very good Demand Zone in WEEK Time Frame and is near to the neckline of Inverted H&S in DAY Time Frame.

Buy when Breakout above Neckline

Buy above 6750
Tgt 7250 - 7600
SL 6500

Disclaimer: These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor before investing.
Comments
AneriSalot
Will this benefit petrol companies
Pondy_Traders
@AneriSalot, Definitely. Nifty Oil sector is near ATH. this should benefit stocks like Reliance, BPCL, Petronet, etc..
AneriSalot
Thank you for replying 👍🏻 will check it out..
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