Crude opened flat, a few cents up but I see no real direction as per the open. Hope mcx open will define the trend but not hopeful to be honest.
Weekly, daily, 4 hours, 1 hour all kind of sideways at open as per my analysis.
No worries though as there are good trades for the taking on smaller time frames even in flat conditions.
Hope the week goes well for everybody.
My basis for the analysis as below.
20 ema defines short term trend.
50 the medium term and 200 the long term.
Weekly, daily, 4 hours, 1 hour all kind of sideways at open as per my analysis.
No worries though as there are good trades for the taking on smaller time frames even in flat conditions.
Hope the week goes well for everybody.
My basis for the analysis as below.
20 ema defines short term trend.
50 the medium term and 200 the long term.