AbhishekHSinghCMT
Long

Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next?

NYMEX_MINI:QM1!   E-MINI LIGHT CRUDE OIL FUTURES
15 days ago
Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next?
B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c from 43$ to 52$ with a double bottom- an important lesson from this crude journey.

What Next- Trading Strategy
Could be a start of the downside move from 52$ High & going below 42$ recent low -likely to continue down-which shall be a trading opportunity, but before that there will small upside push from last week's trading closed at

Crude from 43$ to 52$- Amazing -Later I took this as WXY pattern as it evolved

QM1!- Likely a bottom in 4th wave@43$- look for 5th Wave@50$ +

14 days ago
Trade active: 10:06 Hrs 21st Nov2016

Last Price@46.90$

Opens up at 47$. Expecting small push before it gets hammered.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
+919833996865 | LinkedIn
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