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
Crudeoillong
Will Crudeoil reverses and go Uptrend?#mcx #crudeoilWill Crudeoil reverses and go Uptrend? check #tradingstrategy #crudeoiltoday #commodity
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
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Will Crudeoil reverses and go Uptrend? check #tradingstrategy #Will Crudeoil reverses and go Uptrend? check #tradingstrategy #crudeoiltoday #commodity
HOPE our analysis is adding value to your site trading Journey.
If yes, Hit like button or boost our ideas. Thank you.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
#Crudeoil Upward movement potential with RISK:reward=3 #usoil #commodity #commoditytrading , #NASDAQ, #crudeoil, @crudeoil #USOIL
#USOIL UPWARD movement potential with risk: reward ratio 3.
BUY at 79.5 with SL 78.28 and Target is 83
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
CRUDE OIL FUTURES: LONG FOR SHORT TERMHello,
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 target of Rs 7039 to 7719.
ENTRY: 6381 to 6410
TARGETS: 6487, 6571, 6715, 7039, 7719
STOPLOSS: 6300
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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CRUDEOIL FUTURES SWING TRADEHello, 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!
CRUDEOIL FUTURES SWING TRADEHello, 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 xabcd pattern.
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
CRUDE OIL TREND ANALYSISTECHNICAL ANALYSIS
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 July 2021 ( shown in blue colour in graph) confirm the double top pattern with a resistant of ₹ 5600.
On October 4th 2021, it gave closing at ₹ 5825 (above its major support of ₹ 5600) for the first time after Oct 2018 that confirmed the upward moment of crude oil.
CONCLUSION
We do not suggest you to make any fresh short position in crude oil at this level. However, making any long position at this level would also be very risk as the prices are not certain at this level, however levels around ₹ 6500 can be seen very soon in crude oil on mcx.
When MCX Crudeoil touch 4000 levels? - Part IAccording 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 see a clear trend, we'd see it in a 4 hours chart.
LINK is available in the comment section.