Price broke MA100 and it's a signal that the up trend is over. On the daily chart price falls and we should open short trades based on hourly charts. Entry level is below 44.40. Place a stop order above MA100 and profit near the support level.
sir what will happen next will it go to 46 something ????
DLavrov
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Probably we'll see price reversal from a trend line and down movement. Price moved to 46 because of news. For long term it will be a down trend. I think )
AliQaiser
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SIR FROM WHERE U GET NEWS AND THERE IS ALOT OF GOSIP ABOUT CRUIDE TOUCHING 50 ... WHAT IS YOUR OPINION THANKYOU
DLavrov
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50 level - why not? But for this price will have to break the trend line. Only after that I will think about long trades with targets near 50. As for the news, you can get from Bloomberg as a variant.
AliQaiser
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SINGNAL IS CLEAR FOR SELL NOW SIR ??????
REPLY SOON
DLavrov
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It's not a signal for opening short trades. First of all we have to understand the main price movement. When we know the possible direction, we'll have to wait for signals.