Crude 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 !! Follow us for more such information and give it a like to boost our motivation.
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...
Crude oil actionable areas are marked in the chart. Please trade on 15 minute candle closure on either side. if triggers for upside or downside...targets are marked in the chart. As this is expiry today trade with caution and focus on scalping !
CRUDE 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...
Seems like Crude is forming a huge H&S, also since its been in a downtrend, the bearish flag looks like a good setup
formation of symmetrical triangle in crude can be seen in the chart above. targets for long and short are marked in the chart above. take entry upon 5 minute candle closure.
MCX:CRUDEOIL1! short crude till 6500 zone, beyond that 6000 level ready .
MCX: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 Futures at support Currently at support levels of the downward moving triangle. Expecting some short upmove in near term of 6480. No recommendations, just my view based on charts.
Crude on Weekly Support $65/$64 Zone - Make or Break Level If sustains $ 64 can give good reversal
crude sell on rise with 6311 cls base sl tgt 6010--5980 yes trend line brekout looks bear modeeeeeeeee
crude hold blw 6300 soon 6170 expect near thna sell on rise with tight sl 6355 due to some buildup of sell volume
Breakdown of a symmetric triangle might cause the crude to see levels of 55 soon.
Hi 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.
RSI Based Strategy on commodity. We can use RSI in two timeframe to identify Bullish and bearish sentiments. 5 & 15 Mins timeframe is best for intraday Trading. Add two set of chart of RSI and make upper rsi band at 60 and lower rsi band at 40. In 15 min timeframe, if upper band value greater than 60.it means we have to find out buy trade. And RSI lower band...
Crude Oil. Bearish Case :- Narrow Weekly Bar. Weekly MA Resistance. Daily RSI Resistance Zone. Weekly TL Resistance Bullish Case : COT reports JUST Started turning Bullish. Bullish Daily and Weekly Momentum. So overall scenario is still confusing. Ideal case will be to attempt ONE more Leg down and then UP. But, that is not a necessity. So waiting for a concrete...