CrudeOil (MCX) Day Trading IdeaShort CrudeOil (MCX) Near the red downward trendline.
Use a 1 Min time frame to enter into the trade
Crudeoilprediction
MCX Crude oil Buy and Sell levelPlease Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
crudeoil trend for next week overall downtrend ....
this is short time long trend ....
RSI divergence in 2 hour chart
Crude oil 4h chart, technical looks weak.Crude oil 4h technical-looking weak. Bear pennant on the price itself and a rising wedge on 4h RSI both combination suggests a strong bearish sentiment. upcoming week we can witness so many stupid repeated news like economic slowdown, trump - china, Iran war, trade war,. and so many never-ending shits. so, technically we have to gauge the price where it's heading next.
Expected short term target 50 and 48.
Reasons and Confluences:
1. Bear pennant on the price itself.
2. Rising wedge on the 4h RSI.
3. Elliott Wave ABCDE pattern.
Crude oil 4h, There are scenarios. scenarios.
1. we got an H&S and it's brokeout too
2. a pennant that looks like it broke out too.
3. there's a double top
4. there's a 50% fib level retracement
5. overall retail market views is bearish.
price 51.73 and 60.70 is an either side negotiable deal.
conclusion: views is bearish technical is bullish. waiting for a strong breakout to either side so that we can make nice decision.
Crude oil 4h, this is a clean pattern. read discription I'm seeing an inverse hidden H&S and a pennant or falling wedge type pattern and they both are bullish. interesting to see if it does work out.. I'll keep it watching closely.
Reason and confluences:
this graph is experimental.
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.
Crude oil V4h. we're getting double bottom here.price gap between 54 and 51 is crucial.. reversal may happen and if double bottom rejects then strong bearish till 42.
keeping in mind Crude oil dropping from 60.70 and the previews H&S has been completed.
Crude oil 4h time frame formed an H&S. looking for bearish dip.Crude oil 4h time frame. formed an H&S. price consolidating at right shoulder forming a bull flag pattern, wait for breakout to downside and put stop above right shoulder targeting 53.92, 51.85.
Reason:
1. confluence is that price reached at 50% and 61% fib level from head to right shoulder impulsive extension.
2. confluencce 4h time frame RSI is at extrem overbouhgt zone and 2h time frame RSI making bearish divergence.
WTI Crudeoil short term bullish, clean sign if 54.58 takes out.Crudeoil short term bullish if 54.58 taken out then 55.72 to 57.05 possible in three days. if 54.58 gets rejected then 50.66 downside possible and continuously will be bearish till 42 again.
WTI crude oil will take a pause@ 54.59 to check resistance 57.87WTI crude oil will take a pause@ 54.59 to check resistance 57.87
CRUDE SELL @ 64.10AS PER THE TREND SELL TREND CONTINUE, WILL AGAIN @ 64.10 AND GOES TO THE TARGET AS PER MENTION IN CHART
Crude Oil next week scenario 60 possibl if this trend continues Crude Oil next week scenario 60 possible if this trend continues
WTI CRUDE OIL (WEEKLY)Chart Advise has been recommending in its advisory for a a CRUDE OIL buy and the view has been fantastic. The steady upward traction seen on the charts since the past few days once again reiterates the point that the prices always speaks ahead of the move. I have found Pitchfork to be quite an important weapon against the trend. It has helped me several times to forecast in the right direction. We had mentioned in the GAME CHANGERS(Money Control) newsletter about the CRUDEOIL reaching 3350 on MCX and on the Dollar terms around 53. The potential looks to be much more as the possibility of heading towards 56 is on the cards .
The Weekly chart looks ominous and the potential is gaining momentum as the positive DI lines are beginning to head higher. The strong trended action to the upside will now be able to stretch further an reach towards the upper channel. Positive vibes continue to flow and the steady higher lows continue to indicate a run to the upside.Look to initiate long at current levels or on dips towards 50 as possibility of heading upwards is very much on the cards.
