crude oil for professionals #Divergence #Trading Is trading in crude oil profitable? When there is an overkill in supply, traders sell crude oil. Rising demand makes crude oil prices higher. When positive market trends abound, there is a tight convergence between positive factors, making prices rise, and vice versa. You need to know what drives oil as a...
Price action is the Key. Use Ultra high volume setup/condition for additional confirmation purposes only. A combination of Daily and Hourly time frames works well. Highly recommended only if the Daily time frame is Trending. Lower time frames say less than the hourly chart gives the confused or mixed-signal, so it is recommended to use for overnight...
Crude oil has given a fresh breakout after weeks of consolidation. This breakout could test $ 45, 48 & 51 (INR 3250, 3500 & 3800) provided it does not retrace beyond $41.30 (3070)
crude is down is fundamental positive market panic is near term negative
CRUDEOIL DAILY NEXT.....
A beautiful 2-day relationship pattern seen in crude WTI since morning. MCX crude last closed at 3804. Let us see how we react to the pattern now. It's a pure textbook pattern tested and proven by the world's topmost traders. Pattern name: OLHV To learn the 7 (2 days relations) message me. Thank You.
After yesterdays steep fall, Crudeoil has been consolidating. Crossing 50% Fibonacci level can take it higher. Breaking yesterday's low will take it further down.
Its been observed Oil making upward move from quiet a time now and forming flag and pennant pattern in its upward movement. To take new position lets wait for the breakout on either side of trend line on lower time frame of 1 hr for confirmation and then take decision until then just wait till this whipsaws get clear. You guys can check out my last update on...
crude oil prices are heavily falling in past 3 - 4 weeks. we can see good quarterly results in oil-based industries. it will also affect petrochemicals prices. so take a watch on companies which are in this sector, or having petrochemicals as a raw material.
Resistance Becomes Support.....I am expecting WTI Crude to hold $55.
Refer chart. double top formation trend line breakdown also possible. Vijayaraghavan.K, Kovilpatti