On 26 June we posted analysis of Crude https://learn2invest.in/us-crude-top-down-detailed-analysis/

And then in month of July we again had set a target of 53.6 USD when Crude was around 44.6 USD – A target of 20 percent move… If one would have taken a trade in Indian Crude, one could have tripled the money in flat 5 months.

This post is just to confirm that the target is met comfortably and on Friday Crude has broken the resistance also.

This opens up chance of a HUGE move for Crude. Next supply zone on Monthly is directly at 105 USD. Yes this sounds scary to me as well. But that is what my charts are screaming loud. Rather than making such a big statement, let me just say that we are in for a large move unless Crude settles down below 53.6 USD comfortably….

 

There may be some minor resistance at around 59-60 levels…. And if it becomes good supply zone, it will be good. Let see…