Crude Oil Trading

[checkmate7]

Band broken, short maintained.

How much it can go down???

Little basic query Varunji but how do we calculate support level in OBV is it same as support level of price???

 

[varunkochhar]

Checkmate ji no rocket science. Just look to the left and see the next support and mark it in a band.

 

[varunkochhar]

i do not have targets only SL. Now the SL is 3206+2 = 3208

 

[varunkochhar]

As we are at the lowest levels in this series in both price and OBV, i do not have any other supports this and hence only SL to play with.

 

[Aman1]

I exited @3199 was short from 3235.

 

[varunkochhar]

SL 3200+2 = 3202 now

 

[varunkochhar]

nearly 60 points.

 

[checkmate7]

Varunji when can we reenter for sell again...Or vol and price has to again reach support level and again cross???

 

[varunkochhar]

sl now 3193+ 2 = 3195

 

[varunkochhar]

Try to short it as near 3193 (3190-3) with SL of 3195 as the last support of OBV has been broken convincingly. I would personally exit at 3174 or at my sl.