CRUDEOIL ALERTS BY "santhosh2010"

Cubt

Algo Trader
#61
Head n shoulder which formed in Nifty took us to the levels of 5200, now ita crude. Lets see how it goes. Thanks for ur input.

Also, If u look into the chart we can see a head n shoulder pattern formed in 7200 levels, I see the neckline as 7200 levels and head as 7700 levels, so when 7200 broke out last week it brought us to 6800 levels which is a 400 points down side movement same as the hieght of the head.

Now after reaching 6800, it formed a even more clear H n S pattern.
 
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12:00 INR Indian WPI (YoY) 5.80% 5.79%

Overview :-
The Wholesale Price Index (WPI) measures the change in the price of goods sold by wholesalers.

The higher this number is the stronger the affect on consumer inflation.
A higher than expected reading should be taken as positive/bullish for the INR, while a lower than expected reading should be taken as negative/bearish for the INR.

 
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