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Crude is losing its positive momentum with double top formation...

As per daily chart MCX crude oil seems that we can see a good u turn in crude oil and it may taste 4380-4370 zones in near fut.  It is making double top formation on daily chart and rsi indicator is making bearish divergence on the scale that is confirming this bearish view and crude may correct till 4370-4380 zones a failure below 4370 will confirm another down side swing and crude may fall till 3750 in near term trader can short on rise around 4740-50 zones with a stop loss of 4820. 

Comments

Anonymous said…
agaay ek aur jackpot wala positional call.pehle silver aur gold me mast paise bangaye aab crude ki bari hai
March 28, 2011 at 9:27 PM
diya shah said…
kya baat hai yar superb
March 28, 2011 at 10:28 PM
Sunil Rathi said…
Thank u so much diya n anonymous :)
March 29, 2011 at 2:28 PM
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