CRUDE HAS GIVEN BREAKOUT OF THE TRIANGLE PATTERN. AGGRESSIVE BUYERS CAN BUY HERE AT MARKET PRICE AND AT DIPS. CONSERVATIVE TRADERS CAN WAIT FOR DAILY CLOSE ABOVE ABNORMAL CANDLE OPENING AT 47USD. ONCE WE HAVE THIS CONDITION FULFILLED TAKE A ENTRY ABOVE HIGH OF THIS DAILY CANDLE FOR 1.272 AND 1.618 TARGETS OF RECENT DOWN SWING MOVEMENT. THE TARGET ZONES ARE MARKED IN THE CHART.
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Buy is Triggered. Most important thing is we had tested the TL and formed IH + Confirmation with Breakout above Key Level. We should be good to test 1.618 as Target
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Moving towards 1.618
took support at 1.27 after breaching it
Daily Close below 46.45 will only make Crude Bearish
Remember we are now testing the crucial res 47 USD we need close above this level . Also last day has formed good Pin and if we close above 47 USD then this is bullish sign.