#Crudeoil Diagonal triangle completed, now headed downCrudeoil sports clear 5 waves with wave 5 taking the form of a diagonal triangle. Crudeoil should head down for a few weeks to months.
Crude Oil
Crude View for next wek.. Might see some good downsideCrude Has been trading in a sideways zone from past some time but if we look at the bigger picture crude is facing resistance in its major resistance zone. Moving averages are now flat indicating the price is flat and upside momentum is lost. price is taking support from the trendline. If the trendlibe break there might be a posibilty that price might test its previous support. On the other side if crude its resistance we might see upside till 3500-3600
CRUDE OIL : trying to move up intradayBuy crude oil for intraday trading keeping the sl 42$ for the target of 43.5 /43.8
Only for study trend : up
Entry : above 3227
SL : 3215
Target: minimum 3263
Only for study .
best of options traders
Crude oil strategy explained Crude oil Go long In HindiHi guys this is Trader Kanishk
In this analysis
I have discussed a very effective strategy for crude today
watch the entire video and go for this
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Crudeoil (MCX-Sep) levels for 20-Aug-20(Intraday)Buy above 3245for 15,40,70+++
Sell below 3227 for 15,40,70+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
WTI . Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 43.60, beginning of downtrend is expected.
We make sure when the support at 30.85 breaks.
If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 43.595 on 2020-08-05, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 43.60 on 08/05/2020, so more losses to support(s) 42.30, 38.85, 37.15 and minimum to Major Support (30.85) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 60.
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WTI . Important Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 43.60, beginning of downtrend is expected.
. We make sure when the support at 30.85 breaks.
. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 43.595 on 2020-08-05, the probability of uptrend continuation is decreased and the . probability of beginning of downtrend is increased.
. While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 43.60 on 08/05/2020, so more losses to support(s) 38.85, 37.15, 34.60 and minimum to Major Support (30.85) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 58.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Crude Oil Trading Strategy & CallsWhat happens next? That described in the chart. You can ask me anything related to this chart by below comment section or DM.
CRUDEOIL AUG (MCX) LEVELS FOR 24-jUL-2020(INTRADAY)BUY ABOVE 3085 FOR 10,25,50+++\
SELL BELOW 3070 FOR 10,25,50+++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
wti (wticousd) LONGI have 4 scenarios but mostly like the story about long. The world economies are not ready to continue the coronovirus story and everyone is tired of it. Businesses will die, constant stimulation will kill the American dollar.
I will look for entry points after a false breakdown of levels. In my opinion in a situation of partial uncertainty this is the only way to have a positive mathematical expectation.
Crudeoil(MCX) levels for 20-Jul-20( Intraday)Buy above 3060 for 3070,3090,3120+++
Sell below 3040 for 3030,3010,3080+++
To Learn or query on chart can comment or ping me.
*All views for Educational purpose, Trade at your own risk
