Crudeoil!
crudeoil - At important levelPrice trading near the resistance level and if the price closes above the resistance levels then one can expect big up movement. Wait for the opportunity.
MCX Crude Oil In-depth Analysis & TipsMCX Crude oil can go down for a retracement value of 0.236 in the upcoming days. So, intraday traders can set the following targets to make some money: 4560 - 4500 - 4460 - 4400
But, if brent oil breaks $66.60 upside, then change your position for the following targets: 4800 - 4880+
Refer to the recently published NYMEX Brent Oil Futures article:
NYMEX Brent Oil Futures - Simple Trading StrategyHere, I have used MA , RSI , VOL , & DMI to identify the next move of Brent Oil. According to those indicators, it seems bullish ahead. We may see the following targets soon: $68.8 - $69.8 - $71+
But, if brent crude oil breaks the hurdle ( $66.60 ) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 - $62.8 and below
CRUDEOIL Futures, a quite favorable intraday tradeThe Crude Oil Futures have taken a beating for quite some time now, and it is time for quick recovery.
The descending triangle is making a base around very very strong support at 4250. If the price moves sideways or breaks the downtrend, we can keep the SL as on the chart and go for the targets mentioned on the chart. When you trail, always keep your trailing SL at the previous target -30 points and trail.
Happy Investing!
CRUDEOIL --THE ELLIOTWAVE PERSPECTIVE IN QUESTIONBIGGER PICTURE OF CRUDE OIL ---- AS PER ELLIOT WAVE
Crude oil has been in corrective mode since July 2008.
I had 4 hurdles for crude oil to breach itself to go towards its life time peak...By the time I m posting this...its already through with the 3rd hurdle...
CASE 1:
If crude oil unfolds into motive wave sequence(1-2-3-4-5) and also breaches key level for bulls and bears...It may result in positive structure for crude oil...Bulls will be more confident then on...But this scenario is not good for economies importing crude oil...
CASE 2:
If crude oil fails to breach the key level for bulls and bears... bears may start smelling honey in crude 😀😁😉
As of now bull party🚀 is on...
CRUDEOILOn the verge of breaking the support
Sell on break of support with volume & pullback (below 4625 only)
BuyBuy crude with sl below 4610 for targe tof 5200 and 5330.
Crude has made higher high. Trading abv all EMA. Gap up opening abv resistance is positive
Disc : it's not an investment advice to buy or sell
USOIL moving towards Ascending channel support zone in 4 hrs tfUSOIL moving towards Ascending channel support zone in 4 hrs tf expecting to each S3 level and reverse
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
USOIL - Ascending channel pattern formation at 4 hours tfUSOIL - Ascending channel pattern formation at 4 hours tf
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
crude oilMCX:CRUDEOIL1!
Hello every one
Sorry for being away as i was busy in my research.
This is an intraday view for crudeoil........as per price should behave related to this way and than make a move in upword direction.
Trade with Discipline
USOIL LONGUSOIL LONG OPPORTUNITY
TARGET WILL BE 61 $ BECAUSE USOIL HAVE TAKEN STRONG SUPPORT AT 59$
Lets Wait and watch
Cheers!!!
