HAVE YOU GOT TRAPPED IN CRUDE?? BUT SEE HOW TECHNICAL SAVE US FROM THIS TRAP…

Above is the chart daily crude.

As per the chart we can see that crude is moving in trend line channel, which is in bullish direction.

so when ever channel is bullish we must look for buying opportunities only and when its in falling direction we must try to sell at resistance.

In this char we can clearly notice that trend line channel is moving in upside direction and if you clearly notice it has given us three opportunities to enter into long trade.

1st entry at 4880

2nd entry at 5125

3rd entry at 5200

even when it has given 3rd confirmation recently the price was at 100 MA support.

and now see for next condition. still there is a gap in upper trend-line which is resistance trend line for now. so crude may try to touch this level and after that will give us more clear signal from there.

the purpose of posting this chart is that, many people do trading which is against direction and they get trap in market..

but charts gives us clear picture about what they want to say to us..

so try to believe them, then only you will realize of it.

thanks.

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