Its just a view dont trade on this basis. Learing price action. Please correct if anything wrong.
Crudeoil formed Cup and Handle pattern at 28.5 USD and then moved up to the next resistance level of 35 USD. It has now broken that level and I feel that it will reach the next higher resistance of 45 USD in the coming week. I feel crudeoil is surely worth considering for a short term trade with 45 USD (3400 INR) as the target and also in intraday basis we could...
As per the chart, MCX crude oil is under bearish pressure for a short period. It may fall for 2600 – 2400 – 2160 levels. The long-term traders must keep their eyes peeled for a crossover into the S-RSI. The crude oil prices will fly into the sky. Be ready for 3200 – 3500 – 4000 levels.
crude oil mcx looks bearish unless it breaks the resistence of 2800 below 2600 we can short for the tgt of 2400 - 2250 the points and levels are for educational purpse only trade at your own risk pls like the page and share the chart
We can go for buy and sell when the blue line price reached... daily wait for intraday level from 9.30 am to 10.00 am
I was wrong about the drop in oil, the market breaks the 33.00 area, most likely now is a rise to the 42.00 area.
SEEMS TO BE IN DISTRIBUTION PHASE!!!!!!!!
LONG@ 2648 & T.P.@ 2668 & EXIT@2612 2667 IS MAJOR RESISTANCE. 2553 IS GOOD SUPPORT. USE THESE S&R LEVELS IN YOUR TRADE PLAN. THANK YOU!!
SHORT@ 2557 T.P. @ 2535 EXIT @ 2593 ABOVE S&R LEVELS SHOULD BE KEPT IN MIND WHILE TRADING CRUDEOIL FOR TODAY. THANK YOU!!
We can go for buy and sell after reach the level ..Stay alert from 9.30 am to 10.00 am for daily posts
POSITIONAL CRUDE OIL SELL IS EXPECTED, AND CRUDE WILL REACH 21 DOLLAR, CMP IS 25 DOLLAR.. EXPECTING TO REACH IN NEXT WEEK SL IS 28 DOLLAR AND AFTER A 1.5 DOLLAR FALL WE CAN REDUCE THE SL TO 26.5 DOLLAR LATER.
We can go for buy and sell after reach the level ..Stay alert from 9.30 am to 10.00 am for daily posts
Crudeoil is on supply zone if sustain than reached to 3200 level otherwise go down up-to previous demand zone level (marked with green color).
We can go for buy and sell after reach the level ...For 25 points of daily profit regularly follow my post .. from 9.30 am to 10.00 am i will update
Symmetrical triangle which is a continuation pattern has formed in crude oil 15 min chart. Possible upside is around 7% hence the target is 2600 whereas the stop loss is 2395. i would really advise to trail the stop loss.
Beautiful shorting setup built on Crude oil 4 hour chart with risk of 2:1. There is a strong supply zone from $ 29.16 to $ 30.04 on 4 hour chart and oil is heading towards the supply zone. This supply zone has been tested only once till now and there is a strong possibility to reverse the trend on this price level one more time. Short @ $ 29.10 Stop Loss @...