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
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
avoid LONG for crude as of now price likely to face resistance on 7400 and 7500 price will look to sweep liquidity from 6800 lvl fresh buying can be seen at 6652-50
(previously even after the breakout we avoided to o=go long) the recent pullback is the reaction of higher time frame inducement where price made a imbalance and didnt retest the resistance zone so there 7195 - 7065 will act as short term support and it is also a fair value area from higher time frame either price will retest this zone and then head towards...
6650 and 6400 will be next halt zone and we can see free fall here these levels are fib 0.5- 0.6 fib golden level
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
YOU WILL GET CHANCE TO GO LONG ON OIL AT 6900 LEVEL AVOID FOMO AT CURRENT LEVEL hello everyone, price at cmp = 7000 - 7300 has multiple resistance from previous trend and with current trend price has left some imblanace zone and fair value area which is likely to be retested soon within current zone there will be trap on both side as big institute and banks...
we have seen good volatility in crude in last two week as price was trending both sides again there is CHOC in the 1h chart as price made the correction and came back towards the higher time frame demand i am expecting a pullback or a retest towards the reversal of medium time frame which is 6600 with sl 6500 below the higher time frame demand zone ( or you...
Crude price may find support b/w 6190 to 6130. below theses level price may fall further. if trend got broken in upward direction on closing bassis trend may reverse. 6500 level will be possible in second scenerio.
As per Elliott wave structure and along with running trend sequence USOIL Crude oil is looking sell now or on rise (if any) with invalidation level of $ 90.17 Also RK's mass psychological cloud is suggesting to go short Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a...
It seems that the uptrend is still in continuation this will move further if crossed 111 USD Might eve ln bounce from a little lower levels but I feel Upside is possible
Global crude oil prices have risen more than 14 percent in the past 30 days as traders see a continued rise in demand and supply fails to keep up. The 400,000 barrel per day output hike recently decided by Oil and Petroleum Exporting Countries is not expected to meaningfully bridge the gap between demand and supply. TECHNICAL ANALYSIS Crude oil has touched...
We are bullish on crude oil for short term (one can say till expiry 17 dec) Risky traders can take long position in trade with a strict stop loss of 4620 for a target of 5450. ======= We are still trading in the range between 4600 and 5500. Any lower or upper breakdown will decide its direction again. ======= Trading is not about trying to capture every...
we can see crude with upward direction for intraday purpose.
BPCL has been coiling in a range since last Sep. A breakout is now visible, recent lows can be a stop level
Sell crude oil at 4568 stop loss 4593 Target 4473
Crude oil buy at 4431 Stop loss 4405 Target 4538
Crude oil is on Sell as per our Tycoon Gann trading sell at cost and hold for targets