iCharts Discussions

[rocky1980]

hi

crude oil ready for pullback as it has bounced from the major demand zone
trading @ $80.14, could easily retest the 82 - 86$ levels in short term, in respect to current economic conditions one would disagree on this but charts tell us all. Crude Oil hold major support @ 77-75$ range. IMHO one would avoid fresh shorts in this commodity.

comments and views are always welcome.

regards
happy trading
rocky1980

[rocky1980]

hi

Crude oil bounced sharp from $77 levels currently trading at $84.
as i indicated on 24th june within 5 days the crude has made pull back of $5

Always remember buy at support & sell at resistance.
Price Action is everything no indicator will tell you whats the future.


regards
happy trading
Rocky1980