Short crude if it will breach the level of 3568 & stay there for a while. Read the below given hourly chart very carefully. And only after that start reading.
As mentioned in the chart & shown in the prior post, crude is in the no trading zone of 3570 to 3670. If it breach the support line of 3568, then and only then go short. After that, price will go to take suport from channel resistance line. Which will go down & down, as it is southmoving channel.
Thank you.
Thank you.
Update 1, 4th Feb 2017, 01.17 pm.
CMP is 3615. wait for given price 3568 below to go short on crude. If it will not happen, then wait for few days or hours. That will give us some technical advantage. It is not binding to us to trade on daily basis and loose money. Wait for good chart structure to enter trade. Thank you.
Update 2, 8th feb 2017, 03.37 pm.
Book complete profit and exit the crude short position. We shorted it @ 3568 and cmp is 3480 around. We have nearly 90 rupees profit in hand.i.e. Rs 9000 in single lot. so hurry up guys. It can not go below 3400. So book your profit. Jay shriram
Update 2, 8th feb 2017, 03.37 pm.
Book complete profit and exit the crude short position. We shorted it @ 3568 and cmp is 3480 around. We have nearly 90 rupees profit in hand.i.e. Rs 9000 in single lot. so hurry up guys. It can not go below 3400. So book your profit. Jay shriram
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