Hi Guys,
Good News,
The below update is for all commodity traders who specially trades in the WTI Crude Oil.
The trade set is as below for positional traders and the futures data as well as chart is used from investing.com & the prices are in US dollar.
The trade set up is as Buy Curde Oil WTI Futures arround $50.70 for a target of 57.15-61.05-64.05 (Time Frame – 3-4-6 Weeks).
The parameters for taking up the decision are the divergence in RSI, MACD about to make bullish crossover , Past 3 days candles are making higher lows & signaling the reversal from here.
Indian traders can covert it into Rupees.
Disclaimer : – The views expressed here are based on my study & consult your financial adviser before taking any buy or sell decision.
