A short-term reversal move can be expected due to profit booking. The market has also peaked and there is a chance for the crude price to increase in the coming weeks. This can also affect the stock price adversely.
Oil Price is expected to average at around $92 within a few weeks. Then depending on the global cues at that time we can have a much clear idea about whether it is going to rally further or crash. This is going to affect the profitability of the oil stocks in India and will affect their share price adversely. www.thebalancemoney.com
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st...
Supports: 6500, 6325 Resistance: 6680, 6750 15th Dec Expiry OI Data Point: Major Call writing are in: 6800 : 2K 7000: 6.5K 7100: 2K Major Put writings are in: 6600: 1680 6500: 3400
WTI has been forming a flat A-B-C correction. According to Elliott's wave projection, the oil future looks bearish. Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal. The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal. If you are a safe trader, you can...
WTI crude is at Support level. Trading with positive divergence it may bounce from here.
IOC The stock is in strong territory and has support at 73.5 / 68 Target for the current set up 79 / 84 / 90 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational...
This is a monthly timeframe analysis . After a Triangle Breakout, it hit the target and now retracing for the next movement . Levels $5-$6 acted as crucial support from the month of June . For further up move we can expect the price to consolidate some time and retest the demand zones (Support Zone Order Block) for a further up move . It might or not take a 3-4...
this is awolf wave patten formation on oil can give some great return it one can follow the chart
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st...
Crude Long (25 Nov) RSI- 35 Buy at CMP- 6450 SL- 6405 Target- 6552, 6605 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st...
Natural Gas Looking Bullish Above 602 can touch 610-620-640 respectively
User rise towards 7300-7350 to short with SL above 7550 for target 6300. Disc : It's not a recommendation to buy or sell. Do you research before taking any decision.
looks like a small breakout next resistance on another trend line but looks like oil is going to boil from here watch out
Follow levels and do accordingly. Only Future trade.
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st...
weak setup on charts ,can see more declines as it is in downtrend a dual top formation also took place near term support at 81 trading below key averages