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
Triangle Pattern found in Crudeoil. Upside Target 5150 and Downside Target 4924. Wait for Breakout or Breakdown. Take a Position after Breakout or Breakdown on Next 15 min Candle.
These intraday level for crude oil are derived from the supply & Demand
Oil History - Based on Spread USOIL & UKOIL How the spread has reacted during difference phase of Geopolitics of oil life in last 2 decades.
Long Crude for $ 74 Target, SL to be below $64.5
SUPPORT ZONE HAS FORMED, WE CAN ADD NEAR SUPPORT ZONE
Currrently in 3rd Wave yet to complete.. In Next 1-2 years