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Cl1

crude oil new update (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 8000-8300 level price tried to retest the zone twice but couldnt mitigated the area still the area hold major buying interest because it has created a liqudity of new fresh long stop losses underneath THIS IS JUST ANALYSIS, YET NO CLEAR PICTURE TO INITATE A TRADE
MCX:CRUDEOIL1!
by Jimmy_Rebello
Crude Oil- BULLISH CONTINUATION!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 dollars) Following that Prices have consolidated for 4 days giving Inside Bars, holding the Gap Zone Today, Price is finally some some Buying Action It appears that the Gap Up is a Breakaway Gap and now Oil Prices are ready to Break Out of the 4 day Consolidation Looking at Moving Averages: 20 EMA has crossed above 50 EMA giving a Buy Signal Price is consolidating right below 200 EMA and once its Breaks above it, Price is to Accelerate on the Upside LEVELS: Current Market Price= $ 81.40 Upside Target: $ 92 to $ 100 Stop Loss: below $ 79 ....................................
OLong
by T_Harth
US oil - Crude oil Elliot wave countAs 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, 100.71, and up to 105. Breakout with good intensity of volume MACD already positive and uptick and also above zero line on hourly time frame MACD uptick and now positive crossing on daily time frame RSI uptick on hourly time frame RK's mass psychological cloud suggesting to Buy now or Buy on Dips (if any) Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:USOILLong
by RK_Chaarts
7
Simple Trade Setup | Crude Oil | 04-07-2022 [INTRADAY]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 or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
MCX:CRUDEOIL1!
by Trading_hawk
CRUDE OILCRUDE 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 the way up side it can show 8883, and 9978 levels and more, on the way down RK's stop line which is pegged at 7687 would be a major support to watch out for upcoming days. Overall wave structure of U S OIL - CRUDE OIL international Daily Chart Overall wave structure of CRUDE OIL MCX Daily Chart macd on weekly positive MACD in mcx crude daily chart Price again closed above mass psycology cloud, and also above RK's stop line Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
MCX:CRUDEOIL1!Long
by RK_Chaarts
2
#crudeoil Important levels 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 10000+/-. ******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
MCX:CRUDEOIL1!
by linesandlevels
Crude 3 possibilities 1 ResultIn 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 once ((B)) black connector is done. Once 4706 level low made on 02DEc is broken that will confirm connector is made and based on that we will be able to identify the entry level for our Long position. and we will be entering Crude in Blue color area marked for at least a bounce or a reversal of trend.
MCX:CRUDEOIL1!Long
by profitadda
Brent Crude OilBrent 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 levels or in dips (hopefully) with stoploss of $ 70.89 wave structure key levels macd in daily is positive, uptick and above zero line rsi in daily is positive, uptick and also near 60 price tooked support from middle bollinger and now its above same on weekly chart dmi is converging from negative to positive Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
TVC:UKOILLong
by RK_Chaarts
1