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Crude-oil

Crude Oil Week April 29 to May 03 Time Frame: 1 Day 1. Rejection candles from Support zone and 50 EMA. Price has not allowed to break these key levels 2. Previous trend is bullish. Level breakout and under retracement 3. 50 and 200 EMA golden crossover Time Frame: 4 Hr Crude oil has bounced from previous key level(Resistance converted to support zone) 1. Trend is Bullish 2. Filled FVG and taken support for 50 EMA 3. Bounced from 200 EMA. Entry above : 7046 Target: 7257 ( 211 Points) Stoploss:6916 (130 Points)
MCX:CRUDEOIL1!Long
by Swinging_Inside_the_BAR
1
Nifty...Brent Crude... The Fundamentals and the Technical aspect In our previous updates I had mentioned that Brent crude above $90 can be a cause of worry. The current chart set up for Brent crude suggests it can go above $100 The Fundamentals If crude is heading higher, it could add pressure on Indian Imports. At the same time, the recent Quarterly results of our major IT export companies are not encouraging enough to suggest that it would be able to offset the Balance of Trade. As a result it could increase India's trade deficit and if the rise in oil prices is passed on to the consumer then it would impact inflation as well. The Technical aspect Nifty so far is trading above 21 day EMA ( currently around 19684 ) and 63 day EMA ( currently around 19515 ). If Nifty stays below 63 day EMA for 3 consecutive days, we could see Nifty trending lower possibly towards 18820 odd levels . There you go... Current scenario and Important levels have been discussed... Hope it is helpful... Take care & safe trading.. Do Like if you find it useful Follow for more trading ideas...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Brent Crude: Set for 104-108The chart set up suggests support around 85-87 odd levels Minor resistance around 98 and eventual target for the set up could be 104-108 Risk::Reward ratio favors to go Long Take care & sage trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
TVC:UKOILLong
by indiamarketoutlook
CRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO waveCRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO wave Impulse wave completed (5 wave /1 to 5). In this pattern 5th wave was longest wave Now on present wave on corrective phase i.e. Advanced Elliott wave (Neo wave) Upside move target 88. but if it break "ob" trend line thats only possible Note: Crude falling means globally crises to be happed. Its not good indication for stock market. Even Indian Market for good, although not much more fall. Its only for education purpose
TVC:UKOILShort
by pnjakh1984