US OIL HAS BROKE AND CLOSE ABOVE RESISTANCE OF MARCH-2020 HIGH AT USD 36.28 MARK. CHART HAS FORMED FLAG PATTERN ABOVE THAT RESISTANCE OF USD 36.28, WHICH SUGGESTS THAT OIL MAY CONTINUE IT'S BULLISH TREND TAKING SUPPORT AT PREVIOUS RESISTANCE MARK AT USD 36.28.
TRADERS CAN LOOK TO BUY AT CURRENT LEVELS OF 36.50.
BUY ENTRY: 36.50
STOP LOSS: 35.48
TARGET-1: 39.73 (MEASURED MOVE AS PER FLAG POLL)
TARGET-2: 41.50 (RETEST OF CLOSE OF 06-MARCH-2020)
AGGRESSIVE TRADERS CAN HOLD THEIR POSITIONS UP TO 41.50 FROM WHERE OIL BROKE AND GAPE DOWN ON 08-MARCH-2020.
TRADERS CAN LOOK TO BUY AT CURRENT LEVELS OF 36.50.
BUY ENTRY: 36.50
STOP LOSS: 35.48
TARGET-1: 39.73 (MEASURED MOVE AS PER FLAG POLL)
TARGET-2: 41.50 (RETEST OF CLOSE OF 06-MARCH-2020)
AGGRESSIVE TRADERS CAN HOLD THEIR POSITIONS UP TO 41.50 FROM WHERE OIL BROKE AND GAPE DOWN ON 08-MARCH-2020.