CFDs on Brent Crude Oil
I am expecting crude to hit 130.00 within the first two quarters next year. Sharing the long term bias
This is what I am thinking for Crude Oil for this week and the upcoming week
(previously even after the breakout we avoided to o=go long) the recent pullback is the reaction of higher time frame inducement where price made a imbalance and didnt retest the resistance zone so there 7195 - 7065 will act as short term support and it is also a fair value area from higher time frame either price will retest this zone and then head towards...
Crude Oil. Bullish Case : COT reports JUST Started turning Bullish BUT yet not convincing. Daily and Weekly Momentum turning Bullish. Now if we get a SOLID WEEKLY close above the falling trendline (around 73.75), it could well touch 90 in coming weeks
Attached: Crude Oil Daily Live Market Chart On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day. Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd. And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66...
Crude Oil. Bearish Case :- Narrow Weekly Bar. Weekly MA Resistance. Daily RSI Resistance Zone. Weekly TL Resistance Bullish Case : COT reports JUST Started turning Bullish. Bullish Daily and Weekly Momentum. So overall scenario is still confusing. Ideal case will be to attempt ONE more Leg down and then UP. But, that is not a necessity. So waiting for a concrete...
Buy Crude Oil Above marked level.We can enter with 50 point SL and 100 point target
Crude Buying and Selling Zone Marked. Plane Long Trade When it touches the demand zone , and Plan Sell trade when it touches the supply Zone .
As per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3. It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86,...
As we could see that in the last week the crude oil has broke the descending channel break out and gave a bullish movement and now the retrace too has been given. So once the price closes above 91.62 in four hours or in daily cancel then the price would go to 97, 101 and don on. So kindly take ur own analysis and start ur tradings.
MCX:CRUDEOIL1! Trade Setup for 04-07-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
CRUDE OIL Looking good to go long at current levels or in dips ( if any ), there is a good and clear assumptions of wave structure along with trendline breakout on daily time frame. Price again closed above mass psycology cloud, and also above RK's stop line and also price has given close above 20DMA, also trend indicator macd is showing same bias to go long. On...
MCX:CRUDEOIL1! as we can see on ARC on which levels it resisted. on that level harmonic pattern also was there. now again at ARC resistance with harmonic pattern we might see fall from here but as this #russiavsUkraine war going on if #crude cross current ARC and Harmonic resistance then we might see crude at...
Crudeoil Hit Top as per dynamic Cycle... Now we Looking For correction towards First Target 82.5
In my view cycle from Mar20 Low is completed with wave I red and now we are into formation of corrective cycle in 5-3-5 pattern ((A)) -((B))-((C)) black. Out of which ((B)) black is either completed as shown in BROWN path or can complete after one more leg up as shown in BLUE path or BLACK path. In either case we are expecting one more 5 wave down to ((C)) black...
One can go long at current levels or in dips (if any) with stop loss of 5880 for targets of 5990, 6050, 6100, and 6150. Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
CRUDE Intraday view buy @ 79 $ range INR 5970-5985 Crude positional has to come to 75$ range before moving further for new highs
Brent crude oil has broken the trendline resistance and it looks like primary wave 5 has started, and within wave 5 , wave I and wave II are posiibly been completed and wave III should now unfold at $ 79.40 to $ 80.21, where wave III will be atleast equal to wave I, and on the down, the swing low of $ 70.89 will be now crucial support. one can go long at current...