CRUDE OIL : trying to move up intradayBuy crude oil for intraday trading keeping the sl 42$ for the target of 43.5 /43.8
Cl1
Crude oil strategy explained Crude oil Go long In HindiHi guys this is Trader Kanishk
In this analysis
I have discussed a very effective strategy for crude today
watch the entire video and go for this
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
crude oil crude oil mcx looks bearish unless it breaks the resistence of 2800
below 2600 we can short for the tgt of 2400 - 2250
the points and levels are for educational purpse only trade at your own risk
pls like the page and share the chart
MCX/CL1!/S&R LEVELS- 20 POINTS TARGETLONG@ 2648 & T.P.@ 2668 & EXIT@2612
2667 IS MAJOR RESISTANCE.
2553 IS GOOD SUPPORT.
USE THESE S&R LEVELS IN YOUR TRADE PLAN.
THANK YOU!!
MCX/CL1!/S&R LEVELS- 20 POINTS TARGETSHORT@ 2557
T.P. @ 2535
EXIT @ 2593
ABOVE S&R LEVELS SHOULD BE KEPT IN MIND WHILE TRADING CRUDEOIL FOR TODAY.
THANK YOU!!
Short in Crude below $21.90 for $20.25 to $19.70If price trades below $21.90, selling is advisable. Heavy sellers dominated from $26 to $20.77.
Then buyers were able to retrace only till $23.60 - the recent high.
Price is taking a dynamic resistance of 20 EMA - which is kind of strong trend indication.
First Opposing Force for this fall can be expected around $20.25 to $19.70; further price can test $18.60 as well.
Kindly do your analysis before taking any trades.
Long in Crude (Short Term) till $27.50 to $28Ascending triangle pattern is seen. The pattern is broken at top and we can expect the price to travel till $27.50 ranges.
This could be a temporary push; after testing the $27.50 ranges, price can fall further - either till previous low or even below. Lets wait and see.
Crude Oil buy setup - Excellent risk rewardBuy USOIL between 58.7 & 57.50
T1: 63.30
T2: 65.80
T3: 69.00
T4: 72.60
SL: 53.80
Will crude oil hit the level of 56 or break the level of 53CrudeOil Analysis based on trend analysis.
Trend
After the fall from the level of 59, seems to have some bounce from the low level of 51. Now the trend is not bullish nor strong bearish based on the current level of holding.
Analysis
On my analysis, may have good entry at the lower level of 54 with the SL of 52.50 and the target of 56 to 56.50 level. But if breaks the support of 53, then it will leads to continue the bearish mode. Need to watch for the entry for long.
Note
Safe traders - better to avoid the risk until the trend get the clear view. Risk traders - avoid to take huge quantities.
Regards
Manikkam
WTI crude oil will take a pause@ 54.59 to check resistance 57.87WTI crude oil will take a pause@ 54.59 to check resistance 57.87
Crude Oil next week scenario 60 possibl if this trend continues Crude Oil next week scenario 60 possible if this trend continues
Crude Oil taking a long rest here after OPEC cuts supplyCrude Oil taking a long rest here after OPEC cuts supply, trade talks in focus and the ladder is still on.
Crude Oil weekly chart study Crude Oil weekly chart study.
We see that the Fibonacci levels as well as the pitchfork boundary coincides and shows a strong resistance and a possible price reversal zone. RSI divergence also substantiates our bias. We will confirm the beginning of a new downtrend only after the wedge breakdown.
Crude Oil near "D" zone of AB=CD pattern. NYMEX:CL1! CL Near "D" zone of AB=CD pattern. 161.8% Extension of Fibonacci is @ $ 55+. Watching price action closely for any short trade. Next resistance (If breaks this level) @ $58. First immediate target would be $ 50 (i.e "B" level), If price action says to short.
Crude OilAlthough i am having a shorter side bias in crude oil BUT .....
A word of caution - Trade with a strict stop loss, at least till it confirms the move by breaking the uptrending line on daily closing basis.
Crude OilLet It Break decisively.
Till then you can take advantages of intra-day short ranges.
But do that with strict risk management.
Finally the pattern at present looks Bullish, BUT it can go either way.
Because on the flip side of it - COT reports are Bearish, open interest is at record high and Commercials are record short(more than they were at 2014 drop from $108).
I personally will like to side by COT reports.
Lets SEE!!!
Crude OilStill Playing between the two Levels & DIRECTIONLESS
Until it breaks either level convincingly, look for small and short term trades on lower time frames.
I will personally have a short side bias.
CrudeOilI am planning to short Crude oil if it breaks down in the evening US session, using lower timeframes for entry.
Nice Risk Reward
