Welcome to the quick update on CRUDE OIL FUTURES. It is currently trading at Rs 6430. After making a rally, it is currently retesting the last support.
We can see that it has taken support from Rs 6314 and it is acting as a strong support. We can take a long position in this future with a target of 6487, 6571, and 6715 for the short term and a long-term...
Hello, crudeoil fut swing trade buy above: 8,400 stoploss: 8,085 target: 10,000.
LOGIC BEHIND TRADE: Crudeoil has formed W p8attern on 1d chart & given breakout of resistance pull back buying strategy, (target identified from harmonic xabcd level 1.618) stoploss is taken low of resistance candle. Above 8,400 crudeoil if sustains can go upto all time high. MCX:CRUDEOIL1!
Hello, crudeoil analysis & long-term swing trade buy: 7,740 targets: 8,870/1,0370 stoploss: 7,430.
LOGIC BEHIND TRADE: Crudeoil formed W pattern on 1D chart buying from support bottom buying strategy, (target identified from harmonic xabcd pattern level 1.131) stoploss is taken low of support candle. 1st target is resistance of W pattern 2nd target is taken from...
Considering running flat on higher degree & the previous diagonal as an ending diagonal , crude can be considered in 5th wave of higher degree. One should go long on current levels with SL of 91$ & look for the target of the 97$ and 99$-99.7$
One can go long at current levels or in dips (if any) with stop loss of 5880
for targets of 5990, 6050, 6100, and 6150.
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In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December.
Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021.
Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in...
According to the daily chart of MCX crude oil, it is further advance for short-term investors. The retracement level of 0.618 is a perfect entry-level.
In the previous update of crude oil, we have recommended buying many times.
As per RSI & MA, it seems bullish. We will see soon target 1 and target 2 price after a short reversal.
But if you want to...