Friday 9 October 2015

Curde Oil - PPP Pattern

Crude Oil as made a Pole & Pennant Pattern (PPP) before breaking out to start half mast move ....


                                                                     Daily chart

After 5 - wave decline crude has started zigzag move up in A-B-C fashion.

NYMEX crude after making bottom near 37.75 rallied to 46 - 47 and consolidated in the range forming a triangular pattern ....

On 6th October we anticipated an upside breakout in the form of C wave and PPP pattern ...

As anticipated Commodity has started it upward move from 3020 odd levels now trading around 3275 odd levels ...

Still the move can be sustained in near term .... To know where next resistance and support is and trade with objectivity ...


To Know more about Elliot Wave Counts and where probably markets are heading towards long,  intermediate and short term levels and which sectors to be in, educate yourself  with us from simple to advanced concepts contact us.



Our next Bangalore Workshop "Learn to trade Elliot Waves Objective Way" on 31st October and 1st November ..... 


For more about course details & Fee Structure visit:


http://swing-research.blogspot.in/2015/10/learn-to-trade-with-objective-elliot.html

Hurry up Limited seats available .....




Raju V Angadi Vishwanath, B.E., MS, CMT
Equity Technical Analyst

"Education is what remains after one has forgotten what he/she has learned in school"    - Ablert Einstein

To Learn simplified objective approach applying Advanced concepts of Objective Elliot Wave Theory in conjunction with Advanced Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Workshops on Technical Analysis & Financial Markets Contact on:

 rvangadi@googlemail.com 


No comments:

Post a Comment