Dubble Top & Rejection from 200 emaCrude oil price again rejected from 200 ema in 1 Day time frame.
In 4h time frame clear formation of double top & falling RSI. Price may retest 6000 level, below 6000 level 5700 may also be possible.
Energy Commodities
CrudeOil Important levels to watch !!Crudeoil important levels to keep an eye on according to hourly timeframe are as follows;
#Cmp= 6150
# Support = 6020
the region of 6040 to 6020 is acting as a demand zone which means price may bounce back from the region as majority of buying positions can be expected in the demand zone.
expected targets on downside after the break of support
Target 1: 5910
Target 2: 5820
# Resistance = 6190-6200
Currently the price is below the trendline resistance marked in red which means price may face some rejection at the trendline.
Expected target on the upside after the break of resistance
target: 6314
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Long natural gas Natural Gas has broken out from the head and shoulder reversal pattern on the hourly timeframe. On the daily as well it seems to be forming a reversal pattern and hence the longs have a good chance of succeeding in this environment. Moreover it looks like the previous move was more of a correction rather than an impulse move down. Stops below the right shoulder with the target being the depth of the head from the neckline breakout.
Buy HindPetroCASH SEGMENT
-> Delivery Based Upmove and Speculative Downmove
F&O
-> Resistance is Around 250 with Support Around 230.
CrudeOil Important Levels to watch ! Crude Oil Important short term levels are as follows,
#Support= 5880
#Resistance= 5960
Buy above= 5980 only after candle closing.
Sell below= 5870 only after candle closing.
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Crude Oil - Bullish CaseCrude Oil. Bullish Case :
COT reports JUST Started turning Bullish BUT yet not convincing.
Daily and Weekly Momentum turning Bullish.
Now if we get a SOLID WEEKLY close above the falling trendline (around 73.75), it could well touch 90 in coming weeks
Crude oil Future ( Next week Contract )Crude oil Future ( Next week Contract )
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entry: 5765
target: 5800 / 5830 / 5865 / 5910
stoploss: 5700
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enter only if market come again from "5810 to 5760".
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wait for proper reversal and conformation.
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don't be aggressive.
.
refer old ideas attached below.
Crude oil futures ( 13/07/2023 )Crude oil Future ( Next week Contract )
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For " long "
entry: 5950
target: 5970 / 5990
stoploss: 5920
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For " Short"
entry: 5900
target: 5855/ 5755
stoploss: 5935
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enter only if market Breaks " No trade zone "
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wait for proper reversal and conformation.
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don't be aggressive.
.
refer old ideas attached below .
IOC - 33% RETURNS ON OIL?BUY - IOC
CMP - Rs. 80
Target - 1: Rs. 93
Target - 2: Rs. 107
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Technicals - 1) Cup and Handle Pattern
2) Targets set using Gann
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Comment: Maximum returns is 33%
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USOIL 1HTF breakout USOIL 1Htf breakout from a nice pattern
waited too long to this breakout to happen momentum would catch up soon
Lets see....
My view on crudeoilTrendline breakout possible in crudeoil.
Above 5910
Looking tgt 6000++ very soon
Keeping on radar Crudeoil 5900 CE
Crude oil important levels to watch `Crudeoil important demand and supply zones are marked on the chart.
#Target on the upside after break of resistance is marked in red line.
#Target on the downside after break of support is marked in a green line.
What is demand zone?
In simple words, demand zone is the price area having highest buying potential.
What is supply zone?
In simple words supply zone is the price area having highest selling pressure.
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crude oil futures (30.06.2023)Crude oil
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entry: 5750
target: 5800 / 5850 / 5885
stoploss: 5720
.
.
enter only if market breaks 5760
don't be aggressive.
Crudeoil M future ( Next week Contract )Crude oil M future ( Next week Contract )
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entry: 5765
target: 5800 / 5850 / 5885 / 5970
stoploss: 5700
.
.
enter only if market breaks 5760
don't be aggressive.
NATURALGAS Long for Wave 3/C UP!Attached: Natural Gas Mini Futures Hourly Chart Live
- Morning Star Candlestick Reversal Pattern activated
- Bounce off 200 DEMA (black line)
- Breakout from Wedge
- Price action can be Channelized suggestive that the Fall was a Corrective and not an Impulse
- So W3/ WC upside to play📈
1st Target on Upside = 223
2nd Target on Upside = 229
SL can be based on Morning Star Candlestick Pattern Low
Crude oil important levels to watch. CrudeOil important levels as per 15 minute time frame are as follows.
#Current Price: 5748
#Support: 5540
#Target on downside: Upon break of support expected ultimate target on downside can be 5300-5320 levels.
#Resistance: 5770
#targets on upside: Upon break of resistance, expected targets on upside are 5840, 5960.
trade only on trigger. Keep SL as per your risk appetite.
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Bearish Harmonic Forming In Crude OilREAD CAREFULLY !!!
Crude Cmp - 5788
Bearish Bat PRZ - 5986/5991
SL - 6055
Target - 5830/5790
( It means Crude may move 200 points up from
here, so one can buy it with sl of 5724 )
Bearish Deep Crab PRZ - 6378
SL - 6431
Target - 6078/5990
( It means if crude breaks 6055 level it can
further move 320 points up )
Bearish Crab In Natural GasBearish Crab In Natural Gas
Sell PRZ - 223.6/224.3
SL - 229.1
Target - 214/208
US OIL Trend Reversal (Bearish)
Head and Shoulders on Hourly Chart..
USOIL Short Opportunity.
50SMA Support at 69.94
Next Short Term Target 68.01/66.80
CrudeOil Intraday Levels 26-06-2023Crude oil immediate demand and supply zones are marked on the chart.
#Support: 5650.
#Resistance: 5750.
expected targets on the upside after break of resistance are marked in red!!
and
Expected targets on downside after break of support are marked in green !!
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Natural Gas Daily Breakout on charts .... 275+ coming soonNatural Gas has given Breakout on the Daily Charts & We can see 275+ soon
LTP - 229
SL - 215
Target - 275+
Timeframe --> 30-45 days
