CMP: 44.18
Res: 50.05/50.92/52.21
Sup: 42.73
Based on Monthly chart, we could see shooting star last month. This month candle will decide positional move of crude.
Based on 55M chart, we are in 3rd wave and it is extending. 1-2-i-ii-iii(done).
Still I expect to see some more down move to complete this 3rd wave. As per me, sell on rise would be the strategy.
TGTs: 39.25$, 34.4$
TGTs: 2650, 2293.
Res: 50.05/50.92/52.21
Sup: 42.73
Based on Monthly chart, we could see shooting star last month. This month candle will decide positional move of crude.
Based on 55M chart, we are in 3rd wave and it is extending. 1-2-i-ii-iii(done).
Still I expect to see some more down move to complete this 3rd wave. As per me, sell on rise would be the strategy.
TGTs: 39.25$, 34.4$
TGTs: 2650, 2293.
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