US OIL IS IN DOWNTREND PRICE IS POSSIBLE TO TOUCH 54$ AGAIN.....
SELL BELOW 56.15$ AND CAN MOVE DOWN TILL 53.5$ TO 54$ ///FORMED UPTREND CHANNEL AND CMP IS RETESTING @ CHANNEL RESISTANCE LINE AND ABOVE THE CHANNEL RESISTANCE THERE IS A SUPPLY ZONE ALSO. SO MAXIMUM PRICE CAN FALL TO 53.5 TO 54$
Comment:
PRICE FALL FROM 56.62$ TO 56.26$ REACHED ...AFTER BREAKING 56.10$ POSSIBLE T REACH FIRST TARGET 55.15$ AND SECOND TARGET IS 54$
Comment:
AS I MENTIONED CRUDE PRICE FALL HAPPEN NEAR 53.7$ AND START BOUCED BACK TO 56$....NEXT TARGET IS 57.5$...WILL SEE THE MOVEMENT IN COMING WEEK..
Comment:
MY TARGET 57.5$ DONE...ITS TIME TO SHORT TARGET 55.3$
Trade closed: target reached