Fuel your Wealth with crude oil !! Crudeoil important levels to watch are as follows.
Currently, CrudeOil is moving in a parallel channel since 23rd August. Meanwhile current important levels are as follows.
#Support: 6750
Sell below: 6750 only on 15 minute candle closure below the level, next immediate support can be expected at day Low which is marked in dashed line.
Target 1: 6690
Target 2: 6640-6420
#Resistance: 6771
Buy Above: 6771 only on 15 minute candle closure Above the level.
Target 1: 6820
Target 2: 6875-6890
#Demand Zone: 6600-6630 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stop-loss in order to protect your capital.
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Crudeoil_analysis
Crudeoil intraday levels for 14.11.2022Resistance level: 7180
Support level : 7103
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Crudeoil intraday levels for 10.11.2022Resistance level: 7094
Support level : 7038
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
CRUDE OIL TO CONTINUE LOWER TO COMPLETE ITS FINAL LEG DOWNCrude Oil is left with some more beating
Trade Plan 1
Short sell for immediate target of $21.76
Continuing its downward move which should conclude near $21.76 if EOW ((C))
and
Trade Plan 2(will be active only after trade plan 1 reached target)
Short sell for deeper target of $9.83
EOW 3 of Y around same level of $9.83 of cycle wave
We can see sharp reversals from the levels mentioned
Happy Trading Respect Risk
View are for EDUCATIONAL PURPOSE ONLY ....Trade at your own risk
Crude oil 4h once again sell setup.We may get a double top before falling down bcos there will be a pullback to liquidate bearish momentum.
Downside target 53.23 and 52.
Reason: Confluence
1. Rsi fourth consecutive touch on the upper trendline suggesting a downfall.
2. price confirmation at 57.13 three falling methods and touched the upper trendline.
3. price reached at 0.618 and 0.50 fib level. fib is drawn from 60.70 high to down 51.