My Crudeoil Trades.

The OBV channel has narrowed down considerably. Expect good moves either side. My bias is towards up as there is divergence between OBV and Price. (Price made a lower low at 2910 against 2911 yesterday but OBV was and is still above those levels by a good margin)
 

checkmate7

Well-Known Member
Varunji if it can sustain above 2935-2940 the it will bounce back but below 2935 its risky what I feel....
 
CM ji you have a valid point because today's LV bar so far is at 2930-2933. But it has already given a signal to go long in 50Tick Charts and i am just waiting for it to go above the channel in 500Tick charts (which is the basic pre-requisite for longs). The more i delay entry the further would be my SL. What i can do is tighten my stop to 2915 if buy tiggers.
 

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