#Crudeoil Oct Short#Crudeoil Oct Short
Sell at CMP- 6090
SL- 6124
Target- 6005, 5970, 5925
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Crude Oil
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
Cyclic correction on Natural GasNatural gas range is default range is elevated to 3$, hence we can expect the same 3$ level from the current levels, patience is the key. Take calculated risk after deep analysis. as the liquidity is low at higher levels repeated Sl hunting will happen.Trade with cautious
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
MCX Crude Oil Intraday Levels for Trading 16SEP2021MCX Crude Oil Intraday Levels for Trading 16SEP2021
Will Crude Oil Hit 5400 Next Weekend?Crude oil has started moving forward since May. It will not stop here. It's just a WXY correction.
According to Elliott's wave theory, it has completed the sub-wave under the 4th wave. It's consolidation time. Crude oil prices may fluctuate between the range of 4000 - 5400 . Hence, long-term investors can keep buying crude oil.
So, what about short-term investors and intraday traders? If you look into 4 hours chart, it seems bullish from here. Crude oil is trying to break the resistance trendline. Whenever that the resistance trendline break, then we may see the prices at 5300 - 5400+ .
Kindly note, if crude oil remains below to resistance trendline, then do not buy.
What happens if it does not break the resistance trendline? I will update my next MCX crude oil report.
MCX Crude Oil Intraday trading level for 15SEP2021MCX Crude Oil Intraday trading level for 15SEP2021
