This is a weekly chart of Crudeoil / INR, this has been discussed earlier
here.
We are expecting a last gasp in Crudeoil / INR. A wave [5] of C of {Y}
of (B). Once it is done we may see sharp correction in Crudeoil / INR,
at least that's what preliminary analysis shows. Right now I am
expecting Dollar to ease a bit, and we may see a rally in commodities,
which will reflect in Crudeoil / INR. I am not putting a target on this
wave [5] yet, but eventually we will get signs clear enough to adjust
our positions according to the market. Right now I feel we should see a
rally in Crudeoil / INR.
1 comments:
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