CrudeOil Important Levels to watchCrudeoil important levels to watch are as follows
#Support:6620
Sell below:6620 only on 15 minute candle closure below the level.
Target 1:6560
Target 2:6520
#Resistance:6700
Buy Above:6700 only on 15 minute candle closure Above the level.
Target 1: 6760
Target 2: 6850
#Demand Zone: 6620-6650 may act as a buying zone and price may bounce from the region marked in green on the chart.
#Supply Zone: 6820-6800 may act as a selling zone and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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Crude
Crude Oil important levels to watchCrude Oil important levels to watch are as follows
#SUPPORT: 6670
#RESISTANCE: 6720
#buy above 6720 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6755
Target 2: 6800-6810
#Sell Below 6670 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6620-6600
Target 2: 6540
Please note that each targets may act as a support and resistance so trade accordingly. Also, this is only an educational idea and not a buy or sell recommendation please follow your own trade setup before initiating any trade.
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Crude Oil important levels to watchCrude Oil important levels to watch are as follows
#SUPPORT: 6500
#RESISTANCE:6600
#buy above 6600 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6690
Target 2: 6810
#Sell Below 6500 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6450
Target 2: 6290
Please note that each targets may act as a support and resistance so trade accordingly. Also, this is only an educational idea and not a buy or sell recommendation please follow your own trade setup before initiating any trade.
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Crude oil important levels to watch. CrudeOil important levels as per 15 minute time frame are as follows.
#Current Price: 5748
#Support: 5540
#Target on downside: Upon break of support expected ultimate target on downside can be 5300-5320 levels.
#Resistance: 5770
#targets on upside: Upon break of resistance, expected targets on upside are 5840, 5960.
trade only on trigger. Keep SL as per your risk appetite.
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Bearish Harmonic Forming In Crude OilREAD CAREFULLY !!!
Crude Cmp - 5788
Bearish Bat PRZ - 5986/5991
SL - 6055
Target - 5830/5790
( It means Crude may move 200 points up from
here, so one can buy it with sl of 5724 )
Bearish Deep Crab PRZ - 6378
SL - 6431
Target - 6078/5990
( It means if crude breaks 6055 level it can
further move 320 points up )
CrudeOil Intraday Levels 26-06-2023Crude oil immediate demand and supply zones are marked on the chart.
#Support: 5650.
#Resistance: 5750.
expected targets on the upside after break of resistance are marked in red!!
and
Expected targets on downside after break of support are marked in green !!
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CrudeOil Intraday levels. Crude oil taking support in the same region marked in green for multiple times. for a decisive downside momentum from here crude oil needs to break the support region as per 15 minute candle closing basis.
However, if crude oil manages to break the trendline resistance, the immediate upward target is marked in the chart with a red dashed line. and further upside can be the selling zone from where crude oil rejected last time.
trade only on confirmation.
Disclaimer: This is just a view and only for educational purpose. follow your own trading setup before initiating any trade.
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
CRUDEOIL to hit 7000/7100 levelMCX:CRUDEOIL1! crude can give massive breakout it breaks 6793 level which weekly strong resistance since november 2022,
if crude manages to break abd sutain above first hurdle of 6649, then we can expect it to hit 6738/6793 level quickly and above that the mega movement will soon follow.
Crude oil breakdownHi
The PA suggests that the crude is good to short right now. I had missed the opportunity to short the previous breakdown (which you can see in the trailing chart).
I made the chart well before but kept sleeping on it. Nevertheless, currently I am short on a 15 min timeframe.
Will review it on one hour later.