As per our analysis crude did drop yesterday but did not reach our target price. Whether it's a buy or a sell either way holding positions for long are not giving value. Short term trades are what one should look for in this market currently.
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Grinding higher at a slow pace as has been the case for long but has reached the top of the range 43.50$.. going short here risking 10 pips on top of the ceiling might give a good risk return opportunity. Having said that again holding a short for long will be risky as its a very choppy market. We will most probably look for short term trades here!!
.
Grinding higher at a slow pace as has been the case for long but has reached the top of the range 43.50$.. going short here risking 10 pips on top of the ceiling might give a good risk return opportunity. Having said that again holding a short for long will be risky as its a very choppy market. We will most probably look for short term trades here!!