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...
Crude Oil (MCX) Current Market Price: Approximately 7005 We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market. We remain optimistic about crude oil's prospects today. Crude oil has...
On weekly chart Crude is forming bearish engulfing pattern and at Bhoomi Maya's red band i.e. where any sell entry is activated. Target green bands 5761 as T1
Hey Traders,I'm keeping a close eye on crude oil as it appears to be gearing up for an interesting move. Currently, it seems like crude oil is heading towards the $6800 mark.The key level to watch out for is the Chanmep level. If we see a breakout above this level, it could signal the start of a significant rally.Keep a watchful eye on the charts and let's see how...
It looks like WTI has a intraday buy signal at around 73.00 zone with stop loss below 72.00 , The minimum target will be 74.70 in the next few hours as the zeo political sentiments have improved, and external indicators are showing bullish signals. The RSI is mixed to bullish.
I am expecting a Upside rally in Crude Oil in next 2-3 months. The reason is after a big dip now Crude Oil is taking support at a Major support level and forming W pattern.
Crude oil has given a very good fall. But has it bottomed out? From the charts, we can see 5700 levels is where crude has formed the nearest bottom. Also, the swing high is 6000. I will go long if 6000 is taken out in the next couple of days. Otherwise, I will not be trading on crude.
buy crudeoil for the target of 6750-7663-8556-9399-10005-12900 with closing stoploss below 5047 small closing stoploss 5290
price has been making lower low and lower high after getting resisted from 0.7 fib from the higher time frame crude is likely to fall more 5-10% there is such major support until 6000-5600 levels only high risk player can go short and more conservative players wait and go long as of our levels
CrudeOil important levels to watch are as follows #Support: 7025 Sell below: 7025 only on 15 minute candle closure below the level. Target 1: 6960 Target 2: 6860 #Resistance: 7130 Buy Above: 7130 only on 15 minute candle closure Above the level. Target 1: 7200 Target 2: 7290-7300 => # Remember each level will act as a support and resistance...
CrudeOil important levels to watch are as follows #Support: 7385 Sell below: 7385 only on 15 minute candle closure below the level. Target 1: 7320 Target 2: 7240 #Resistance: 7475 Buy Above: 7475 only on 15 minute candle closure Above the level. Target 1: 7525 Target 2: 7580 Target 3: 7680 => # Remember each level will act as a support and resistance...
CrudeOil important levels to watch are as follows #Support: 7045 Sell below: 7045 only on 15 minute candle closure below the level. Target 1: 6930 Target 2: 6750 #Resistance: 7204 Buy Above: 7204 only on 15 minute candle closure Above the level. Target 1: 7300 Target 2: 7460 => # Remember each level will act as a support and resistance individually so...
after volatile days and a breakdown price or trading in crude is likely to go sideways based on technicals and cahrting POV (no news adjusted or considered) so if you interested in tarding crude buy at 6800-900 and sell at 7300-400
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...
The 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...
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas. When price come to these area we can expect either reversal or breakout from the given area's. So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
CrudeOil important levels to watch are as follows #Support: 6900 Sell below: 6900 only on 15 minute candle closure below the level. Target 1: 6800 Target 2: 6680 #Resistance: 7000 Buy Above: only on 15 minute candle closure Above the level. Target 1: 7065 Target 2: 7180 => # Remember each level will act as a support and resistance individually so there...
on hourly chart crude is making lower highs price opened gap down and made a pullback candles on 15m looks weaker on green side and strong on red side indicating selling pressure next support or target will be 7300-7200