Crude, history is repeating

Isn't it amazing ? History is repeating on daily charts. I have nothing to say in words. See the attached chart & you yourself can understand, where it is heading.

Crude heading towards resistance point

                      Crude resistance@  46 dolor or Rs 3,100

Channel 

As shown in the attached chart, crude has resistance @ 46 dolors or Rs 3100 mcx. Since 08/07/2016 it moving in a narrow channel, touched support line @ 2 occasions namely a & c points and currently trying to breach support line @ d point. It has to face resistance @ 45.80 and 46 ( Rs 3100 ) dolor point which is shown in blue line. If it successfully break the r1 & r2 , then it will return to some bullish mode otherwise it will return to support line with faster speed and try to breach it downward. 

                                         Moving Averages 

As shown in the chart, 5 dma crossed 20 dma on upside. Keep in mind that, this is hourly chart.

                                                 Strategy 

Watch carefully the levels given here with the chart. If price take resistance @ given points then it should return to support line and try to break it. If that happens then it will go directly 50 to 80 Rs downward. If it break 46 dolor upwards, then little bullish rally will start.

Use trailing stoploss method after entering in position to book profits and protect capital.

Thank you.

Updated chart 

As seen in the attached chart, crude price has taken resistance near Rs 3,100 and now it is trying to go up. Lets see, what will happen ?

2nd Update 

As seen in the chart, crude price break the resistance placed around 46 dolor or Rs 3,100 in good way.