Sell Signal at MCX Crude oil FuturesToday Sell Signal generated at MCX Crude Oil in the range 6360-6380. Long position holders check your positions.
Crudeoil!
MCX Crude OilCrude Oil is running in channel since septmber, we many time initiated purchases near support lines but avoided short selling as Crude is in Bull cycle. We suggested you to buy near 6200 on 22nd Oct for a target of Rs 6500 which you may see tomorrow.
In a few days crude may give another signal either for long or short position.
We may soon see a trend reversal signal in crude oil. Stay connected with us for more updates.
MCX CRUDE OIL TRADING STRETAGYCrude 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.
#Crudeoil Oct Short#Crudeoil Oct Short
Sell at CMP- 6090
SL- 6124
Target- 6005, 5970, 5925
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Crude View for crude
Can buy 6100ce looks good for tomorrow can reach 6200+ in future
Risk reward is more than 1:1.5
crude oil major breakout on monthly candle chartTVC:UKOIL crude oil chart has shown major breakout on monthly chart which represent long term bullishness in crude oil.
CRUDE OIL TREND ANALYSISTECHNICAL ANALYSIS
In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December.
Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021.
Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in July 2021 ( shown in blue colour in graph) confirm the double top pattern with a resistant of ₹ 5600.
On October 4th 2021, it gave closing at ₹ 5825 (above its major support of ₹ 5600) for the first time after Oct 2018 that confirmed the upward moment of crude oil.
CONCLUSION
We do not suggest you to make any fresh short position in crude oil at this level. However, making any long position at this level would also be very risk as the prices are not certain at this level, however levels around ₹ 6500 can be seen very soon in crude oil on mcx.
Crude Going StrongCrudeoil is on a strong uptrend. Good buy on a dip on daily charts. COT Data still strong. Comments on chart
CRUDE OIL RETEST GO FOR LONGMX: CRUDEOIL1!
crude oil break resistance and take retest support go for long
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XTIUSD will now start Falling!The XTIUSD has formed a very clear DOUBLE TOP pattern and is now expected to go through a reversal. According to our analysis, it will start moving downward and our next target will be 69.4.
Happy Trading guys.
CRUDE Buy levels...04.10.2021 ( 1hr candle) Crude breaks the trend line in up side, once its breaks previous resistance(5675) it will move on 5750-800
CRUDE Levels...28.09.2021 (1Hr Candle)Crude travelling in Trend line...once its breaks 5500 sell trend started....or its breaks previous high 5605 it moves 5800+ in short term
USOIL Long opportunity on 24-09-2021USOIL Long opportunity on 24-09-2021
Long opportunity on 16:45 candle in 15 mins timeframe with 20 points SL and 40 points Target
CrudeOilCrude Oil : Just trying the first time :)
As per chart, Crude Oil is near the demand zone.
Good to enter with small SL here.
This post is just for educational purposes.
Crude levels ...21/09/2021 (1hr candle)CRUDE Buy 5160- 5170
Targets 5260-5300-5350
SL 5154 @ 1hr candle closing basis
Crude Oil Intraday Trading Levels for Sep2021Crude Oil Intraday Trading Levels for Sep2021 based on my analysis
Crude oil UptrendCrude Oil is in uptrend from last few sessions and Broken a Symmetrical Triangle which is a continuation pattern.. I'm very bullish about it and expecting it to reach 5750 by 5 october
