CFDs Dầu thô (WTI)Giá xuống
Crude trapped in triangle.
Crude (24.06.2015) trapped in a tight range since beginning of may 2015 & still searching for a direction. However the range bound move providing great trading opportunity for swing traders.
Now as we can see on charts , crude continue trading in tight range & with this time consuming move all indicators becoming neutral since mid of may. This kind of trading generally end up with a panic move on either side & provide a long term direction. Apart from the current triangle pattern ,the parallel resistance & support will personal assistant important role. As far as we discuss about present trading level, selling will be our preference as it is associated with higher risk/reward ratio.
On fundamental side, long term US oil inventories still on higher levels while ongoing Greece concern & improving data from US will keep pressure on oil prices.
oil daily
Based on above studies, we will prefer to stay on sell side as far as $63.20 mark is not broken with day closing. On lower side, $57 - 56 will could be good profit booking area.
MCX levels-> S2(3720) S1(3805) cmp(3900) R1(3954) R2(4023)
Note - Above technical analysis is not a buy/ sell recommendation.
More articles @ mantracommodity.blogspot.in
Now as we can see on charts , crude continue trading in tight range & with this time consuming move all indicators becoming neutral since mid of may. This kind of trading generally end up with a panic move on either side & provide a long term direction. Apart from the current triangle pattern ,the parallel resistance & support will personal assistant important role. As far as we discuss about present trading level, selling will be our preference as it is associated with higher risk/reward ratio.
On fundamental side, long term US oil inventories still on higher levels while ongoing Greece concern & improving data from US will keep pressure on oil prices.
oil daily
Based on above studies, we will prefer to stay on sell side as far as $63.20 mark is not broken with day closing. On lower side, $57 - 56 will could be good profit booking area.
MCX levels-> S2(3720) S1(3805) cmp(3900) R1(3954) R2(4023)
Note - Above technical analysis is not a buy/ sell recommendation.
More articles @ mantracommodity.blogspot.in
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.