Crude oil formed double bottom breakout at 6830 tgt 7460 -7690
Crude oil seems to have formed double bottom and is trading above neckline
1. RSI daily and weekly above 60
2. Breakout point at 6830
3. Rounded bottom on daily chart
Buy on Dips for a TGT of 7460 - 7690
SL can be either below 6830 or below point "C "
Disclaimer: I am not an expert, I just share interesting charts here. Ideas shared are not in any manner an advisory to trade. Please seek expert opinion before investing / trading because investment / trading in market is subject to market risks. I do not hold any position in crude oil as on date.
1. RSI daily and weekly above 60
2. Breakout point at 6830
3. Rounded bottom on daily chart
Buy on Dips for a TGT of 7460 - 7690
SL can be either below 6830 or below point "C "
Disclaimer: I am not an expert, I just share interesting charts here. Ideas shared are not in any manner an advisory to trade. Please seek expert opinion before investing / trading because investment / trading in market is subject to market risks. I do not hold any position in crude oil as on date.
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