hummmm....
Crude is possibly trading in a pattern called "Bullish Cypher".....If it is correct then it will complete its up run from yesterday between 2915 to 2995.....its a reversal zone for crude .....
had some sell positions earlier taken at 2792 which are in losses at the moment....I have added some at 2915, 2935.....I will add more at 2995 if it goes there.....
My target for Crude is 2670-2700....But if Crude trade above 3012 for 1 hr then I will close all crude positions in loss........but I will wait for sell signal for target 2670-2700 for sure.....lets see how it goes......
BUT FOR SURE CRUDE IS BULLISH IN MID TERM FOR TARGETS anywhere between 3497 to 4230....I am finding sell for retracement and take full move in hand...lets see...
But since I have some sell positions in NG....at least I am in breakeven situation.....I have covered half of NG sell positions....with Trailing SL 171....I thought it will go till 165...but does not seem to go there.....I will see on friday how far down it goes and wait for bullish signal....I will load buy positions from now on for target 210+ and mid term tgt 247+.....
Long term NG will retest 110 levels again.....
Crude is possibly trading in a pattern called "Bullish Cypher".....If it is correct then it will complete its up run from yesterday between 2915 to 2995.....its a reversal zone for crude .....
had some sell positions earlier taken at 2792 which are in losses at the moment....I have added some at 2915, 2935.....I will add more at 2995 if it goes there.....
My target for Crude is 2670-2700....But if Crude trade above 3012 for 1 hr then I will close all crude positions in loss........but I will wait for sell signal for target 2670-2700 for sure.....lets see how it goes......
BUT FOR SURE CRUDE IS BULLISH IN MID TERM FOR TARGETS anywhere between 3497 to 4230....I am finding sell for retracement and take full move in hand...lets see...
But since I have some sell positions in NG....at least I am in breakeven situation.....I have covered half of NG sell positions....with Trailing SL 171....I thought it will go till 165...but does not seem to go there.....I will see on friday how far down it goes and wait for bullish signal....I will load buy positions from now on for target 210+ and mid term tgt 247+.....
Long term NG will retest 110 levels again.....