Crude Oil important levels to watchCrude Oil important levels to watch are as follows
#SUPPORT: 6500
#RESISTANCE:6600
#buy above 6600 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6690
Target 2: 6810
#Sell Below 6500 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6450
Target 2: 6290
Please note that each targets may act as a support and resistance so trade accordingly. Also, this is only an educational idea and not a buy or sell recommendation please follow your own trade setup before initiating any trade.
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Crude Oil
Crude Oil important levels to watchCrude Oil important levels to watch are as follows
#SUPPORT: 6440
#RESISTANCE: 6475
#buy above 6475 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6530
Target 2: 6600
#Sell Below 5440 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6390
Target 2: 6340
Target 3: 6270
Please note that each targets may act as a support and resistance so trade accordingly. Also, this is only an educational idea and not a buy or sell recommendation please follow your own trade setup before initiating any trade.
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Crude Oil important levels to watch Crude Oil important levels to watch are as follows
#SUPPORT: 6080
#RESISTANCE: 6160
#buy above 6160 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6240
Target 2: 6320
Target 3: 6395
#Sell Below 6080 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6000
Target 2: 5900
Target 3: 5820
Please note that each targets may act as a support and resistance so trade accordingly. Also, this is only an educational idea and not a buy or sell recommendation please follow your own trade setup before initiating any trade.
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CrudeOil Important levels to watch !!Crudeoil important levels to keep an eye on according to hourly timeframe are as follows;
#Cmp= 6150
# Support = 6020
the region of 6040 to 6020 is acting as a demand zone which means price may bounce back from the region as majority of buying positions can be expected in the demand zone.
expected targets on downside after the break of support
Target 1: 5910
Target 2: 5820
# Resistance = 6190-6200
Currently the price is below the trendline resistance marked in red which means price may face some rejection at the trendline.
Expected target on the upside after the break of resistance
target: 6314
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CrudeOil Important Levels to watch ! Crude Oil Important short term levels are as follows,
#Support= 5880
#Resistance= 5960
Buy above= 5980 only after candle closing.
Sell below= 5870 only after candle closing.
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Crude oil Future ( Next week Contract )Crude oil Future ( Next week Contract )
.
entry: 5765
target: 5800 / 5830 / 5865 / 5910
stoploss: 5700
.
.
enter only if market come again from "5810 to 5760".
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.
Crude oil futures ( 13/07/2023 )Crude oil Future ( Next week Contract )
.
For " long "
entry: 5950
target: 5970 / 5990
stoploss: 5920
.
For " Short"
entry: 5900
target: 5855/ 5755
stoploss: 5935
.
.
enter only if market Breaks " No trade zone "
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below .
Crude oil important levels to watch `Crudeoil important demand and supply zones are marked on the chart.
#Target on the upside after break of resistance is marked in red line.
#Target on the downside after break of support is marked in a green line.
What is demand zone?
In simple words, demand zone is the price area having highest buying potential.
What is supply zone?
In simple words supply zone is the price area having highest selling pressure.
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Crude oil important levels to watch. CrudeOil important levels as per 15 minute time frame are as follows.
#Current Price: 5748
#Support: 5540
#Target on downside: Upon break of support expected ultimate target on downside can be 5300-5320 levels.
#Resistance: 5770
#targets on upside: Upon break of resistance, expected targets on upside are 5840, 5960.
trade only on trigger. Keep SL as per your risk appetite.
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Bearish Harmonic Forming In Crude OilREAD CAREFULLY !!!
Crude Cmp - 5788
Bearish Bat PRZ - 5986/5991
SL - 6055
Target - 5830/5790
( It means Crude may move 200 points up from
here, so one can buy it with sl of 5724 )
Bearish Deep Crab PRZ - 6378
SL - 6431
Target - 6078/5990
( It means if crude breaks 6055 level it can
further move 320 points up )
CrudeOil Intraday Levels 26-06-2023Crude oil immediate demand and supply zones are marked on the chart.
#Support: 5650.
#Resistance: 5750.
expected targets on the upside after break of resistance are marked in red!!
and
Expected targets on downside after break of support are marked in green !!
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USOIL Crude oil possible Elliott wave counts on hourly chartHello Friends,
Here we had shared possible Elliott wave counts on hourly chart of USOIL CRUDE OIL, in which we can clearly see that after low of May 2023 Oil has done wave (1) & (2) of some degree and now we are unfolding wave (3) of same degree, Inside (3) also we had finished wave 1 & 2, and now possibly we had started wave 3 of (3) which may go $ 73 as an equality or $ 76 as an 161.8% of wave 1 of (3), and in wave 3 also we had started wave i and still wave ii is pending, so buy on dips funda will be worth full in this case with invalidation level of $66.77, so if price goes below $ 66.77 then our currently shared view will be invalidated, because wave 2 will never retrace more than 100% of wave 1.
Some referral snapshots are shared below, please go throughout, 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.
Overall wave structure looks bullish as of now
Price making lower low while indicator making higher low on completion of wave C of wave 2 of wave (3)
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.
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...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Crude oil intraday levels !Crudeoil short below the support level for immediate target marked in green line on the chart.
if crude oil bounced back from the support region immediate target on upside is marked in the red line.
Trade cautiously. Allow candle to close above or below the level to initiate the trade on either side.
CrudeOil Intraday levels. Crude oil taking support in the same region marked in green for multiple times. for a decisive downside momentum from here crude oil needs to break the support region as per 15 minute candle closing basis.
However, if crude oil manages to break the trendline resistance, the immediate upward target is marked in the chart with a red dashed line. and further upside can be the selling zone from where crude oil rejected last time.
trade only on confirmation.
Disclaimer: This is just a view and only for educational purpose. follow your own trading setup before initiating any trade.
Crude Oil Important levels !After a sharp decline yesterday, crude oil managed to bounce back from the support zone.
currently, crude oil broken out from trendline resistance as per hourly chart and sustained above the supply zone.
Next immediate resistance or expected targets on the upside are marked in red line on the chart.
Disclaimer: This is just a view and only for educational purpose. follow your own trading setup before initiating any trade.
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