Crude was testing patience for couple of days and finally paid for the waiting.. It was kissing 4215 levels on the downside from wednesday and not breaking the same yesterday till evening. And finally the much awaited break was done which accelerated the downfall to another 100 points i.e, till 4118. It has closed at 4150.
4250 at MCX or 89.50 on dollar will offer some good resistance next week and more price action in store next week. It is trending in these days and am trying to capture the most of its move..
Recent trades read as below for oil.
Short @ 4050
Long@ 3920
Short@ 4085
Long@ 4138
Short@ 4235
Aggregated 340 points in 2 weeks. Should stay focussed and disciplined otherwise all of it will be swayed away :)
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