Crude oil is going to get Dearer ! Get your Cars filled up
Commodities provides us an opportunity to make passive income.
But if we know how to trade then only.
Crude oil long above 8655 levels and crude HIT levels of 8923 the same day.
A gain of 268 points in crude in single trade. So what is the reason?
If you see Crude is above the cloud on the daily time frame and the resistance at 8655 levels broke once it gave a price and volumes breakout.
Also there was no resistance in front of the chikou span at these levels.This is the only reason why we took a long trade entry in crude.
Since Ichimoku is a very effective system for trading all types of instruments and its very accurate also.
Our analysis for crude oil is that it will hit a high of 9500 levels soon if gives a closing above 9000 levels on the daily time frame.
But if we know how to trade then only.
Crude oil long above 8655 levels and crude HIT levels of 8923 the same day.
A gain of 268 points in crude in single trade. So what is the reason?
If you see Crude is above the cloud on the daily time frame and the resistance at 8655 levels broke once it gave a price and volumes breakout.
Also there was no resistance in front of the chikou span at these levels.This is the only reason why we took a long trade entry in crude.
Since Ichimoku is a very effective system for trading all types of instruments and its very accurate also.
Our analysis for crude oil is that it will hit a high of 9500 levels soon if gives a closing above 9000 levels on the daily time frame.