CRUDE OIL is at Support Line1. Price is respecting the trendline from Feb 2021 and it is now near the trendline and formed Hammer candle previous day.
2. Price might go up atleast 6500 in short term
3. If the price breaks the red line it will go upto 7400.
Please like and share if you like this idea.
Chart is Self Explanatory. I am not SEBI registered advisor and all Ideas posted by me are for Educational Purpose.
Crudeoilbuy
CrudeOil important levels to watch !CrudeOil important levels to watch are as follows
📍 Support: 6155
📊Sell below: 6155 only on 15 minute candle closure below the level.
📉Target 1: 6100
📉Target 2: 6050
📍 Resistance: 6225
📊 Buy Above: 6225 only on 15 minute candle closure Above the level.
📈Target 1: 6290
📈Target 2: 6355
⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Crude Oil Important Support and Resistance Level For 11-Oct-2023The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
CrudeOil Important Levels to watch !CrudeOil important levels to watch are as follows
#Support: 7501
Sell below: 7500 only on 15 minute candle closure below the level.
Target 1: 7460
Target 2: 7410
#Resistance: 7540
Buy Above: 7540 only on 15 minute candle closure Above the level.
Target 1: 7570
Target 2: 7610-7630
#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 stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
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.
Follow us for more such information and give it a like if you appreciate the idea.
Queries will be answered in the comment section.
Bullish Butterfly In Crude OilBullish Butterfly In Making In Crude Oil
Read Carefully. This Is A Complex & 2 Way Trade.
The Most Important Number is 5540, If 5540 Breaks Then Crude May Fall To 4868.
As Per The Harmonics Buy Will Come Only At 4868 Level.
Buying PRZ - 4868/4900
SL - 4645
Target - 5370/5530
CRUDE OILOne can go long at current levels or in dips (if any) with stop loss of 5880
for targets of 5990, 6050, 6100, and 6150.
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses