WTI Crude Oil picks up bids to reverse the previous day’s retreat from a seven-week-old falling resistance line, close to $78.65 by the press time. In doing so, the black gold recovers from a 50% Fibonacci retracement of December 2023 to April 2024 upside, near $77.70. Given the bullish MACD signals and upbeat RSI conditions underpinning the commodity’s rebound,...
Topic - CRUDEOIL Important Levels and Zone Tomorrow's movement Prediction of CRUDE OIL (Kachcha Tel Oil) CRUDEOIL appears to be in downtrend. And this trend seems to be continuing further. Price is above an important level of 6418.1 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of...
Based on technical analysis, I believe crude oil is likely to break through the minor rejection trendline and move upwards towards the higher trendline. At the current stage, our entry point is around 6500, with target levels set at 7000 and 7300. Furthermore, I anticipate that this time it will break through the major trendline, initiating Wave 3 and...
Crude oil will blast upside if Support is held !! Crude Oil (MCX) is around 6200 Its long term Support or Law of Polarity is around 5900-6000 These channels are working since 2015 in Crude Linear chart Price action & RSI is indicating that Crude to take support around these levels. Thank You !!
hello guys welcome to Ramajitrade 🙏😊 Today Target in video we achieve this target 100%. and please Trail your stop loss and try to hold. Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 6271.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal Intraday...
1. Price is respecting the trendline from Feb 2021 and it is now near the trendline and formed Hammer candle previous day. 2. Price might go up atleast 6500 in short term 3. If the price breaks the red line it will go upto 7400. Please like and share if you like this idea. Chart is Self Explanatory. I am not SEBI registered advisor and all Ideas posted by me...
As previous prediction was gong 100% correct. As Election results session going on , we see many volatility. But out of this session we have one opportunity for swing trading in crudeoil. In range channel support has taken so according we can plan for bullish swing trading. Do you analysis and plan trade. Regards,
Topic - CRUDEOIL Important Levels and Zone Tomorrow's movement Prediction of CRUDE OIL (Kachcha Tel Oil) CRUDEOIL appears to be in downtrend. But this trend seems to be weakening. Price is below an important level of 6495.36 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of CRUDE OIL...
Targets 6680,6720 Best support at 6500 Please put your own analysis while trading.
WTI Crude Oil prints a four-day losing streak while falling to over a week’s low early Monday. In doing so, the black gold fails to justify the OPEC+ decision to extend the supply cut agreement toward the end of 2024 and gradually withdraw it in 2025. It’s worth noting, however, that a four-month-old horizontal support zone surrounding $76.20-75.80 will join the...
Crude (MCX) is ready to blast upside !! Crude has made broadening pattern and now prices are around the resistance Resistance is around 6740-6760 If resistance is broken then we can see huge upside till 7050-7100 That is almost more than 5% Thank you !!
Hello Friends, this is quick analysis for #crudeoil. as we can see crudeoil is trending in range so it seems to fall in one or two days so based on this channel we can plan short option PE position. I am not giving direct idea to buy this option but do your own analysis based on other data as well then take your risk. Its my view for this #crudeoil swing...
We can see selling pressure on chart on crudeoil. AS it has broken Head n Shoulder pattern also major support line. Now Fibonacci level crucial support and Gann Fann line could act as reversal point for coming session. Till Any news can drive it up strongly. Play Safe :)
worldwide Crude has been given buy calls and its expected to move up which usually lifts Reliance and sometime good spikes. This time Crude is taking support and moving up because of bullish trend and new ATH in US equity. Bullish economic outlook and expected FED rate cuts lifting crude now. Its Buy call worldwide now.
What is crude MCX? On a global level, the most important oil benchmarks are the West Texas Intermediate(WTI), Brent Blend, and Dubai Crude. Exchanges: Oil futures in India are traded on the Multi Commodity Exchange, also known as MCX. On MCX, crude oil is one of the most highly traded commodities. How To Become a Professional Trader : Learn the trading basics....
Hello Friends, Hope you find doing well. As there are so up down in market now a days because of many reasons Elections, war, Global data, USDINR, DXY. So based on following all parameter i am trying to analysis crude oil price action, hope it helpful for all commodities trader. As we can see in chart it is making bullish flag pattern on 4hr timeframe. So we...
US Oil is at important zone formation of Descending triangle pattern. If this sustain near Support then we can see a good upside move if break then see a huge fall. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
Intraday Support level at 7180 and resistance level at 7296. 1st Support level : 7181 2nd support level : 7082