Crude oil signals targets achieved 04th March 2019

Crude oil signals

A good day for our Nymex Crude oil signals and Mcx tips subscribers. I asked them to buy this major commodity today. Crude oil price fired and our subscribers exited at our targets. Lets have a look at our crude oil calls today.

Buy US oil at 56.35$ with stop loss of 55.70$ for target of 57.10$. Crude fired and our subscribers exited at 57.10$. We booked more than 70 pips profit in this trade and made more than $700 profit per lot.

Buy Mcx crude oil at 3987 with stop loss of 3957 for target of 4135. Mcx crude call achieved its target as well. We booked nearly 5000 INR profit in this trade.

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Currently crude oil trading at 57.10$. Good resistance now stands at 57.70$. Once market break and sustain above 57.70$. Then expect good rise in this major commodity till 58.30$- 59.60$.

Good support in this major commodity stands now at 56.30$. Our buying point has become support now. Once market break and sustain below 56.30$. Then expect more pressure in crude oil price till 55.70$- 55$ today.

Conclusion: Crude oil trend is positive for now. Avoid major sell. As said in my today’s video we would apply buy in dips approach as 55.70$ is holding which was our today’s support before initiating our buy. Now we will wait for more dips to initiate any more buy and we will sell only once market break 55.70$.

Posted in: Crude oil Updates

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