OMC will start giving better results and margins. strong breakout will see 250++
MCX:CRUDEOIL1! Here We Are Using Harmonic For Target, it's A Unique Way To Use Harmonic, Long Above previous candle high stop loss already given on the chart. Trade as per your trade setup. As we are just adding quantity, our holdings from very low levels. ******whatever charts or levels sharing here or on any other platforms are...
In my view cycle from Mar20 Low is completed with wave I red and now we are into formation of corrective cycle in 5-3-5 pattern ((A)) -((B))-((C)) black. Out of which ((B)) black is either completed as shown in BROWN path or can complete after one more leg up as shown in BLUE path or BLACK path. In either case we are expecting one more 5 wave down to ((C)) black...
Crude oil long position entry 5100 sl 4707 tg 1 - 5570 tg 2 - 5770
Crude is in bearish wolfe wave and may give a good downside Targets.
crude oil reversed from supply zone near $79 and intensified the selling pressure below our selling level $74 now downside demand zone is $67--$68... if broken than straight away $61 crude oil collapsed new Covid variant led to fears of renewed mobility restrictions, potentially hitting demand from the air travel market.
Amazing profit delivered by crude short call given around 6100 level. Wait for further action in crude. Could not update post earlier due to higher fluctions.
One can go long at current levels or in dips (if any) with stop loss of 5880 for targets of 5990, 6050, 6100, and 6150. Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
Gann fan analysis for Crude. We are in a sort of neutral zone with resistance at 85 and support at 79.6. If 85 is crosses, we will see a good upmove. If support breaks and Gann fan level breaks too, we can see a deep fall as seen in history and marked on the chart.
Crude oil is at an important juncture. 1. Around 87 which is an important resistance. 2. Should move down quickly to 46 levels. 3. If we have slower fall that will mean re attempt of 87 and possible long. Exit shorts. Possible trades should be taken in daily time frame- 1. SHORT - as swing high break fails in daily. 2. BUY - when it sustains above 87 for...
on weekly chart crude is making lower lows and lower highs. now with resistance of 86 $ i may fall back . -- RSI is also showing -ve divergence.
After a long rally and a series of higher highs & higher lows we are seeing Head & Shoulder pattern at the top of chart in CRUDE suggesting some correction in prices. MACD has also shown divergence, untill the price stays below neckline of the pattern we can see more decline in prices of Crude till 5900 to 5700. Break of the neckline and right shoulder will...
At present Crude Oil on MCX is trading around 6210 with a day low of ₹ 6197 and made a high of ₹ 6244. Crude oil remained under pressure this week globally. If we talk on technical side, Crude Oil was running in a fixed channel since Septmber 2021, but on October 27th 2021, it closed below support line and yesterday on 28th Oct, it opened at 6180 with a gap...
Crude oil is running in a channel. Crude oil is moving in a fixed channel. If you get a chance to buy near support line go for long in crude oil, as mentioned in earlier blogs we are bullish on crude oil untill it achieves a target of ₹ 6500. Do follow our stop loss stretagy.
TVC:UKOIL crude oil chart has shown major breakout on monthly chart which represent long term bullishness in crude oil.
Do and book profit and this probability of profit and small SL This educational suggestion
Crude Oil continuous futures contract on the weekly chart seems to have pulled back from its decade+ old trend line breakout. Breakout happened in Jun'21 and crude bounced back on the trend line. We have seen successful bounce from the trend line support and can expect the price to turn bullish from here on the weekly scale. If so, 76 would be the immediate target...
MCX CRUDE OIL INTRADAY TRADING LEVELS based on my analysis. Thanks