Sensex Technical View :
Crude :
In the very first dip from 146 to 136 it was also suggested on the blog .
When crude made a top of 147 odd just check the view given a day before.
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But technically its a rising triangle/wedge pattern which is generally seen near Major tops being formed . 148 -149 level is the very crucial level as per the line its following on upside.
Chart posted when crude was quoting 137-138 ( u can see it on the chart too and time , clearly stated topping out 😉
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Rising triangle/Wedge Pattern is highly bearish if broken can lead to big fall >>> its about time when it cracks as topping out.
Crude needs to break 134-136 which will lead to a big collapse.
Again at 126-128 written that we are headed to 110 levels in coming few weeks.
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All through this period there had been reports of 170-200 Crude 🙂 . We sticked to our view of a big fall in crude.. Suddenly at 115-120 dollar the view is completely changed i wont be surprised if we see a report of 80 $ tgt 🙂
Best Regards,
Nooresh 09819225396
Analyse India
