Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Crude trading near Major Resistance

13 sec read


 

Crude : $108/Barrel
 
If crude is able to trade above 111.77 where the 200day Moving average comes exactly. Then the following targets are possible $118, $125 with is the fibonnaci
retracements of 50% and 60% respectively taken between the recent high $147 and the
most recent low $90 as shown in the picture
 
Check our past view here.
http://www.marketcalls.org/2008/09/crude-technicals-for-week.html
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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