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Wednesday, October 7, 2015

Update on Crude Oil 07 Oct 2015





Crude Oil




Told to buy Crude oil around 3010---3000 with small stop loss of 2960. We booked full profit around 3090---3100. 







Again told to fresh buy Crude oil above 3130.... Flared like anything and hit 3235 mark


Now what to expect???


Crude oil give triangle breakout pattern on daily as well as weekly chart along with it positive momentum in RSI and MACD too indicates positive bias in Crude oil


Three consecutive closes + weekly close above 3200 will see nonstop rally in crude oil till 3380---3450+ mark in days to come


In panic will buy... Positional stop loss 3050





More will be update soon!!