As per my last post it was advised to go long in Crude only if trades above 2995 as suggested you all know it hit high of 2989 and was again back on the journey down
http://tradingwithabi.blogspot.in/2015/08/crude-looks-like-have-taken-many-of-us.html
As of this writing i am seeing the downward momentum in Crude Oil diminishing and we again have the very good trade setup according to the Elliot Wave(Price Pattern) As Wave 1 to 5 pattern is coming to an end with wave 5th being E.D(ending diagnol) & Gann(Time Cycle) which is indicating the potential Reversal is Imminent the low(2732) might me place for medium term uptrend OR
Else we have a cluster of
Massive Support Zone around 2730-2670 on the charts.
A Trade Can Be initiated on the long side above 2802 Keeping Tight Stop of 2670 closing basis
TGT 3040/3180/3228
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