Jimmy_Rebello

crude oil new update

Jimmy_Rebello 已更新   
MCX:CRUDEOIL1!   Crude Oil Futures
(previously even after the breakout we avoided to o=go long)

the recent pullback is the reaction of higher time frame inducement where price made a imbalance and didnt retest the resistance zone

so there 7195 - 7065 will act as short term support and it is also a fair value area from higher time frame
either price will retest this zone and then head towards 8000-8300 level

price tried to retest the zone twice but couldnt mitigated the area
still the area hold major buying interest because it has created a liqudity of new fresh long stop losses underneath

THIS IS JUST ANALYSIS, YET NO CLEAR PICTURE TO INITATE A TRADE
评论:
oil stuck in 7300 - 7600 range this to zone to avoid trading in it can lead to both ways destuctions
评论:
STILL NO IN FAVOUR TO GO LONG
评论:
as predicted swept buyer liquid on breakout and now falling back to 7200-7000 lvls
评论:
price was volatile and triggered short and long both sl and now moving further downside check new update

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