Crude chart trading levels

A

amitagg

Crude Oil Trader
#33
#33
A channeled move up means it is a reactionary (correction) move up only and not an impulse and hence we have to look back at lows......
However it's not clear to what extent the channel can continue and till then longs can we'll be held
 
S

Stock trendy

Well-Known Member
#34
#34
amitagg said:
A channeled move up means it is a reactionary (correction) move up only and not an impulse and hence we have to look back at lows......
However it's not clear to what extent the channel can continue and till then longs can we'll be held
Click to expand...
central line is for short or long with in the channel and ema cross over gives excellent entry exit points..however being longer tf sl are always at higher side
to get it filtered i use 1 hr. chart..to exit and enter early..
4hr Candle pattern do help us to identify the direction of market move.

5 mts chat on decline day trade 20 30 points possible..

image url
 
S

Stock trendy

Well-Known Member
#36
#36
39.5..res.............weekly closing above this level could well take it to 46..$
fails to clear 39.5 on weekly basis..will be in the range of 28.5...to..38.5
on weekly closing basis..
note:- crude ever closed below 28.5 on weekly chart..since 2006 the data what i have..
 
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