CrudeOil Important Levels to watch !
CrudeOil important levels to watch are as follows
#Support: 6900
Sell below: 6900 only on 15 minute candle closure below the level.
Target 1: 6800
Target 2: 6680
#Resistance: 7000
Buy Above: only on 15 minute candle closure Above the level.
Target 1: 7065
Target 2: 7180
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Support: 6900
Sell below: 6900 only on 15 minute candle closure below the level.
Target 1: 6800
Target 2: 6680
#Resistance: 7000
Buy Above: only on 15 minute candle closure Above the level.
Target 1: 7065
Target 2: 7180
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Comment:
Comment:
CrudeOil took support exactly at the marked level and almost achieved target 1 on the upside. Follow us and get timely updates regarding further price action.
CrudeOil took support exactly at the marked level and almost achieved target 1 on the upside. Follow us and get timely updates regarding further price action.
Comment:
according to concepts of price action price rejected from the supply zone, further the resistance at target 1 is expected to act as a major resistance from now.
according to concepts of price action price rejected from the supply zone, further the resistance at target 1 is expected to act as a major resistance from now.
Comment:
crude oil sustains in a negative zone due to concerns about reducing global demand, despite tight supply worries.
crude oil sustains in a negative zone due to concerns about reducing global demand, despite tight supply worries.
Comment:
one more downward momentum can be expected once day low is taken off.
one more downward momentum can be expected once day low is taken off.
Comment:
crude oil and other commodities witnessed a huge upward momentum due to war situation and global cues. However, just look at the chart, even after the war impact crude oil took resistance at the given target level 2 which is also acting as a resistance as explained in the idea description.
crude oil and other commodities witnessed a huge upward momentum due to war situation and global cues. However, just look at the chart, even after the war impact crude oil took resistance at the given target level 2 which is also acting as a resistance as explained in the idea description.
Comment:
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Join Our free telegram channel for more detailed market views.
For Fully automated algo trading contact us:
t.me/investyourasset
Disclaimer: All the Views are purely for educational purpose.
