Short
Brent Crude : It's Time to book profits & Wait
Crude is now trading between its 50% & 68.2% fib retracement level.
Also brent has now reached a resistance -- parallel channel on weekly
Looks Like a abc correction - of which wave b is about to start !!
Since June month is lined with surprises : FED Meet, Brexit ....
Best to sit out rather than go long or short -- too much volatility will come into play !!
Biased Views : - FED Goes with The Hike
And No Brexit
Also brent has now reached a resistance -- parallel channel on weekly
Looks Like a abc correction - of which wave b is about to start !!
Since June month is lined with surprises : FED Meet, Brexit ....
Best to sit out rather than go long or short -- too much volatility will come into play !!
Biased Views : - FED Goes with The Hike
And No Brexit
Trade active
Wave B correction !!
Trade closed: target reached
Crude reaches near to support ! ! If you can wait a bit u can get it below 40/41 !!
Time to go long on Crude once again !!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.