Dear All,
Though Crude is in major downtrend .....that we already told you ....but on short term basis ....i think we have spike on upside coming, we might about to complete decline in 1-5 fashion and can now move up in ABC mode.
Aggressive trader's can Buy Crude between 4934---4916 target 5090----5130 with stoploss of 4880.
Crude : Medium to Long term : Highly bearish ---->>> Target 3000---1600
Crude : Short term to very short term : Bullish ---->>> Targets 5090---5130
Note : Long and medium term outlook will override short term out look so Buying crude is against main trend .
Kindly chk charts
Thanks & Regards
Abhay Mehrotra
Though Crude is in major downtrend .....that we already told you ....but on short term basis ....i think we have spike on upside coming, we might about to complete decline in 1-5 fashion and can now move up in ABC mode.
Aggressive trader's can Buy Crude between 4934---4916 target 5090----5130 with stoploss of 4880.
Crude : Medium to Long term : Highly bearish ---->>> Target 3000---1600
Crude : Short term to very short term : Bullish ---->>> Targets 5090---5130
Note : Long and medium term outlook will override short term out look so Buying crude is against main trend .
Thanks & Regards
Abhay Mehrotra
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