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Intraday traders can follow the hurdle.
Upper targets: 4100 – 4150 levels
Warning: 3990 breakouts will initiate high selling pressure.
Positional traders must read this article: Crude oil Short-term Trend Analysis & Tips
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Crude oil needs to crossover 4100 levels completely to keep moving upward. Afterward, it will jump for the 4150 – 4200 – 4260 – 4300+.
Two consecutive closing price below to 3920 levels indicates a solid downtrend. It could be up to 3800 – 3700 – 3600 levels.
Breakout of the last week low initiates a new sell position. Downside up to 148 – 146 – 144 – 142.
Caution: a complete breakout required. Respect the trend but prepare for a reversal.
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From the month beginning, we are recommending to buy.
Click here & Read the 7th June trading calls of Gold.
We had written, “…crossover of the 33000 consecutively two days indicate the solid uptrend up to 33300 – 33600+ levels”.
Gold has touched all targets.
Now, what will be next move of Gold? Will it keep moving upward or come down?
Is there any possibility to touch 34400 – 35000 level?
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At this time, silver has broken the descending triangle. Can we see the T1 level? T2 level is 37020.
What happens if it will break the red dot?
Can we expect 37370 – 37460?
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