Crudeoil is trading at support of pitchfork line. Also CCI has shown positive divergence with cross over about last peak + above -100 line.It can run upward towards the pitchfork resistance line provided $ 50 is held on closing basis. Also, it is trading near the 61.8% retracement of entire rally. We can also see that how negative divergence on top ,supported by CCI crossover from upside to down, resulted in correction.
Buy crude at 52.50 with SL of $50 for target $54.50 -56.50
Buy crude at 52.50 with SL of $50 for target $54.50 -56.50
Trade active:
Cmp $54.33. 1st TGT achieved. Trail SL to $52.50
Trade closed: target reached:
made high of $ 57. tgt achieved.