WTI Oil :Likely to break the range bottom eyeing 59.50 level
As expected ,Stop hunts are happening either sides of the past 10 day range (61.70-66.05).Yesterday we have seen a strong stop hunts by bears around 61.90 area and price barely managed to come inside the range. Speculative sentiment index is around 80% and technically the outer rectangular range bottom around 57.40 level needs to be tested before any upside breakout.
Trend : Range
Signal : Sell Limit (64.10-64.40 ) , Or a Split Sell at CMP based on your R:R / Position size + Limits
Stop Loss : 65.35
Target : 59.50 - 57.40 Handle .
Trend : Range
Signal : Sell Limit (64.10-64.40 ) , Or a Split Sell at CMP based on your R:R / Position size + Limits
Stop Loss : 65.35
Target : 59.50 - 57.40 Handle .