Crude Oil Analysis -01 Aug
Having completed the month of July with a large price movement, we are starting the august cautiously.
Refer the Channel and go with the flow. For positional traders, the crude is still bullish having the Brent crude oil sustaining above 80.Below $79, could see selling pressure.
For MCX traders intraday, refer the channel and above the channel line go long. Any weakness at the channel will be opportunity to for short.
Disclaimer:
Ideas listed are My Trading analysis and Notes/journals. Not a RA
These are NOT recommendations for Buy
/Sell.
Do your own analysis before jumping into any trade/Investment.
Learn and then Earn.!
Refer the Channel and go with the flow. For positional traders, the crude is still bullish having the Brent crude oil sustaining above 80.Below $79, could see selling pressure.
For MCX traders intraday, refer the channel and above the channel line go long. Any weakness at the channel will be opportunity to for short.
Disclaimer:
Ideas listed are My Trading analysis and Notes/journals. Not a RA
These are NOT recommendations for Buy
/Sell.
Do your own analysis before jumping into any trade/Investment.
Learn and then Earn.!
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