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CRUDEOIL continues selloff from key resistances

On jan-11 post update, we talked about selling crudeoil on it's key flip resistance of 2280 & also expecting a sharp fall after a break below 2160 layer of support.We see price trading inline with our expectation & faced heavy sell-off from flip resistance level of 2280 & the selloff continues below 2160 level too.We also got selling opportunities using 60min chart analysis around 2160 which is shared in member area.We are Currently booking profits in all our short positions in crude as we feel the price is exhausted well enough & need to breathe before it's next move & also gold is showing sign of bearishness which indicates a possible retreacement upmove in crude.We'll be more focusing in trading gold for next few days as it looks attractive now to initiate a short trade(will share gold analysis tomorrow)

crudeoil

My opened Trades in commodity(mcx) : MEMBER ACCESS ONLY


SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

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