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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.