crude 4 hrs .... pre matured upward breakout

pre matured upward breakout

crude 4 hrs 

As shown in the crude nymex 4 hrs chart, price made it's breakout from the bull weadge at pre matured stage. As a rule of polarity , now R line of the wedge will work as support line and tgt is 68 dolors which is prior high. Let's watch it.

Update 1 -- 11/06/18, 9.00 pm ist

crude 4 hrs 

I adjust bull wedge but tgt is intact. Now you can see something like coil in blue lines. I am saying this as something because this is not perfect coil but still it can work. Let's see.

update 2 , 9.15 pm ist

crude 4 hrs 

This is perfect coil, if break upwards should touch 68 mark in no time.

update 3, 07.17 ist, 14/06/18

crude 4 hrs 

crude price made high of 67.17 dolors, facing resistance from wedge R line, better is to book all profits on long and exit. Our tgt of 68 dolor's is just 80 cent away so no need to take risk.

Enjoy the profits , Jay Shriram.

crude ... coil break out

Crude hourly 

As you can see in hourly chart of nymex crude, price has came out of coil. Made good breakout. It is hourly chart so first tgt is prior high of 66 dolors. Cmp is 65.30, place sl at 65 dolors. If break resistance on upside then it can fly upto 68 dolors. 

Thank you , Jay shriram. 
09.10 Update.... Target of 66 dolor's hit. I ll upload chart latter. Jay Shriram.

crude hourly 

Now you can easily see that within 3 hours our first tgt hit. Net profit of 70 cents. In INR it is 45 points. Again reminding you that , if price sustained above 66 dolor mark, it ll fly up to 68 dolor.