CRUDEOIL (Daily Chart) :
Price started falling after a strong false break of 2470 layer of resistance followed by a strong downtrend in it's back.We talked about the strength of the overall downtrend on dec-10 market update.Overall 2470 to 2640 is seen as strong resistance zone where we should be looking for selling opportunities in case price pulls back up there again.For now, we're searching a sell entry opportunities in 15min & 60min charts to trade the ongoing bearish momentum.
SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.
PLS NOTE : All chart analysis posted here are the author’s own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone.
15-min & 60-min chart analysis for ENTRY : ( For MEMBERS ONLY )