Our Preference: Sell Below 50.35 for the target of 49.30.
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- Curde Oil was trading below the major key resistance level of upper trend lines and its trading below the key support level of horizontal line, so we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- CurdeOil was trading in the triangle pattern and it was trading in the range bound pattern between key resistance and key support levels, If key support levels breaks eans we can except heavy sell off , Today we are excepting to break off on selling side so we can have sell off below the support levels and except upto next major key support levels :- which we have shown in attached image.
In Daily Chart :- Curde Oil was trading below the major key resistance level of upper trend lines and its trading below the key support level of horizontal line, so we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- CurdeOil was trading in the triangle pattern and it was trading in the range bound pattern between key resistance and key support levels, If key support levels breaks eans we can except heavy sell off , Today we are excepting to break off on selling side so we can have sell off below the support levels and except upto next major key support levels :- which we have shown in attached image.
In 1 Hour Chart :- CurdeOil was trading in the triangle pattern and it was trading in the range bound pattern between key resistance and key support levels, If key support levels breaks eans we can except heavy sell off , Today we are excepting to break off on selling side so we can have sell off below the support levels and except upto next major key support levels :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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