Crudeoil!
Crude Oil USOIL Elliott wave countsAs 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
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I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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US oil - Crude oil Elliot wave countAs per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3.
It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86, 100.71, and up to 105.
Breakout with good intensity of volume
MACD already positive and uptick and also above zero line on hourly time frame
MACD uptick and now positive crossing on daily time frame
RSI uptick on hourly time frame
RK's mass psychological cloud suggesting to Buy now or Buy on Dips (if any)
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Crude oil trends to be bullish once it crosses 91.62As we could see that in the last week the crude oil has broke the descending channel break out and gave a bullish movement and now the retrace too has been given. So once the price closes above 91.62 in four hours or in daily cancel then the price would go to 97, 101 and don on. So kindly take ur own analysis and start ur tradings.
USOIL US OIL CMP 87.45$
Looking at the structure,
it seems crude is ready to complete it corrective phase
Also here A=C in terms of pips
But yet to touch channel bottom...
if we start a new journey
Crude can gradually move towards 125+$
above 95$ , recent low as sl .. and I would be only buying dips
Chart is for study purpose only!!
Vedang :)
WHAT TO DO NEXT IN OILOil has given the movement as expected in our previous chart
we expect the oil to touch the box I have drawn
from there onwards we start our buying in oil
it can go further down. we are taking a stop loss of 65
but it is impossible to catch a falling market
so we will start buying the movement it touches our zone
TVC:USOIL
#crude analysis on weekly time frame:- #crude analysis on weekly time frame:- Looks like we are in Wave C of the correction and we might see #crude get melted off.
Always trade what you see, not what you feel.
U won't need to join any webinar or seminar.
Control your emotions and don't bet all your chips on a single trade.
Regards,
SG.
MCX- CRUDE OIL - BUY MCX - Crude Oil - Swing BUY Setup
MCX:CRUDEOIL1!
After recent sharp fall in crude oil now it seems the market has made short term bottom in US Markets around 85 USD and now it seems it will start the sharp upside again .
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Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
AS RIGHTLY SAID BUY THE DIP AND STOCK TO CREATE WEALTH.As updated in the charts we still expect continued downfall in oil before it further shoots up for a new life time high TVC:USOIL .
It’s the right time to stock oil . we recommend buying in it from 86 levels with a stop loss of 64 .
Thank you so much .