Crude Oil Trading

[varunkochhar]

Long now only above 3342 with sl of days low.

 

[varunkochhar]

Beleive it or not the LV bar got formed at 3365-3367 at 2:38 in 200tick charts. Guess what was the high after data. This cannot be a coincidence.

 

[varunkochhar]

There was a rejection of price at the LV bar.

 

[checkmate7]

3300 or days high

It should not breach 3314 otherwise it would fall for more.....

Its purely my view I have seen in inventory its not the inventory result that matters first 1-3min candles matter if its RED then sell if GREEN then buy and also first it may give false signal meaning it will eat up buyers or seller who have already placed the orders before the inventory...so place order after sometime when you see 1-3 candles as per your judgement when it retraces either way

Take whatever profit you get as per your appetite and then exit

 

[Swift.trader]

days low saved closely from getting shaved

 

[Tuna]

Uday Bhai called - he is asking are we ready for 150+ point up move in next 2 days?

 

[checkmate7]

Beleive it or not the LV bar got formed at 3365-3367 at 2:38 in 200tick charts. Guess what was the high after data. This cannot be a coincidence.

Varunji was missing your LV bar data and your views :thumb::thumb:

This LV really works so yestrdays LV 3314 and todays 3365 so this is the range...

 

[Swift.trader]

That hourly candle restricting from going long :annoyed:

 

[varunkochhar]

yesterday's LV bar was at 3315. We are ok till we are above it.

 

[varunkochhar]

22nd's LV bar was at 3324. So the 2 supports below these levels are 3324 and 3315 and the resistance at 3365-67.