in 6 months its been high as 75 and low as 59..which clearly indicates that u can buy the stock for short term to gain 10 to 15 percent profit and then short sell for a month as that we see in the chart as it has made a lower low (ps: yes and do put stop loss) . the demand for the oil will decrease eventually on a longer run but not a lot , as now a days because...
There is a downside potential in both scenarios. Whether we have only ((C)) in the wave 4 or it is the new trend and we are in the ((iv)).
If there will be rise in the waves without a new high above the friday one that may form a set up for a short.
Ofcause watching for the RSX for the confirmation.
CrudeOil jumped as expected from previous update. Now, once it goes below 45$ swing low likely it good shorting opportunity for initially 42$ later -if becomes aggressive than look for an impulsive 3rd wave down.
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...