CrudeOil important levels to watch !
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CrudeOil important levels to watch are as follows
#Support: 7460
Sell below: 7460 only on 15 minute candle closure below the level.
Target 1: 7400
Target 2: 7315
#Resistance: 7560
Buy Above: 7560 only on 15 minute candle closure Above the level.
Target 1: 7645
Target 2: 7740
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
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a head & shoulders pattern can be seen on crudeoil 5 min timeframe, a short entry can be possible only if the candle closes below the neckline of the pattern.
do not forget to use stoploss as per your risk appetite.
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just the way it was planned !! Follow us for such live updates everyday.
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after the gap down opening, price moved upwards and facing resistance exactly at the mentioned level.
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Bullish flag and pole formation. Entry only on breakout with proper stoploss as per your risk appetite.
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