CRUDE OIL – EXPECT A NEW HIGH
CRUDE OIL
How does it work … Crude Follows a disciplined way of moving from one Swing to another Swing.
Description of the History:
• 3rd Oct – Started the Uptrend with a first retracement of .618
• 14th Oct – Gave a new high which is 100% retracement
• 28th Oct – Gave a new high which is 1.618 retracement
Specialty of this scrip is once it completes a new high, it come back to .618 retracement before marking a new high and also in the middle it in sideways most of the time which is called has consolidation.
Conclusion:
• Expect a new high in the coming week which will reach a new high of 2.216 retracement unto 58.80.
Regards, Ramesh R
How does it work … Crude Follows a disciplined way of moving from one Swing to another Swing.
Description of the History:
• 3rd Oct – Started the Uptrend with a first retracement of .618
• 14th Oct – Gave a new high which is 100% retracement
• 28th Oct – Gave a new high which is 1.618 retracement
Specialty of this scrip is once it completes a new high, it come back to .618 retracement before marking a new high and also in the middle it in sideways most of the time which is called has consolidation.
Conclusion:
• Expect a new high in the coming week which will reach a new high of 2.216 retracement unto 58.80.
Regards, Ramesh R
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