CRUDE OIL Intraday Levels for 25/02/2022These levels are according to my Calculation.....I will trade only on levels with double confirmation..
Energy Commodities
Crudeoil buy & sell zone is very narrow todayBelow red zone is sell, and above green zone is buy expected
CRUDEOIL: Bullish outlook 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$-99.7$
Crudeoil Trading zones for todayThis is my view on crudeoil for today, best possible reversal zones, above this top reversal point is buy zone can keep just 15-20 points SL.
Im not advisor or tip provider, this purely educational purpose only.
Usoil Here are some supply zones for usoil ……with proper confirmation one can enter for short position
#Crudeoil turning lower - Wave A down in a diagonal Crudeoil has been on a tear making new highs in the last few weeks . All this may have ended in a wave 5 of 5 and a major turn seems to have begun. The downmove from the Feb 15th high is clearly a diagonal wave A ( or wave 1) , a correction in wave B ( or wave 2) has completed a few hours back.
As long as the 94.95 high holds , look for an accelerated move at a minimum to 84, this could then lead to a medium turn that will keep crudeoil make new lows. We'll reassess further bearish potential at the later stage.
For now look for a move to the 84-85 handle
CRUDE OIL: Bearish for short termLEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
Either a larger correction of higher degree or a smaller correction as a ZIG-ZAG corrective wave , whatever the condition crude is going to fall if rejected from the current levels.
TRADING STRATEGY:
AGGRESSIVE PLAYERS: One should go short in the region of 93.5 $ to 94 $ keeping SL of 96$ and look for the target of 88$ and 85-84$ zone .
SAFE PLAYERS: wait for the closing below 92$ & then go short for the target of 88$ and 85-84$ zone .
CRUDE OIL : A possible leading diagonalLEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
TRADING STRATEGY:
Buy Crude oil : 89-89.5$ keepin SL of 87.8$ look for the target of 93.3-94.3$
Crude oil Trend Analysis for 17-2-2022This is my Crudeoil view for 17-2-2022, just for educational purpose
Predict Crude oil's next movement with Volume activityPrice action is the Key.
Use Ultra high volume setup/condition for additional confirmation purposes only.
A combination of Daily and Hourly time frames works well.
Highly recommended only if the Daily time frame is Trending.
Lower time frames say less than the hourly chart gives the confused or mixed-signal, so it is recommended to use for overnight positions.
Take trades based on your own risk appetite.
The indicator used is Volume Spread for VSA
Queries are Welcome
#naturalGas Long SetupNATURALGAS formed the "Ascending Broadening Wedge" pattern on the daily chart.
💡Don't miss the great sell opportunity in WTITrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (91.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. WTI is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 44.
Take Profits:
TP1= @ 88.03
TP2= @ 85.92
TP3= @ 82.64
TP4= @ 80.02
TP5= @ 77.42
SL: Break Above R2
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WTI_Crude Oil WTI_crude oil uptrend martingale by Daily RTL & Daily STL.
May taste 89.02 - 87.40 (Demand Zone) levels OR it may blast by taking support on Daily STL + Daily DZ.
Brent oil prices battle seven-month-old resistance, Russia eyedAmid escalating tensions concerning the Russian invasion of Ukraine, crude oil prices rally to a multi-month high. However, overbought RSI conditions recently triggered the quote’s pullback near an upward sloping trend line from July 2021. That said, a six-week-old support line near $92.00 precedes the 21-DMA surrounding the $90.00 psychological magnet restricts short-term declines of the black gold. Also putting a floor under the energy prices is the October 2021 peak near $86.70, a break of which will recall short-term Brent oil sellers.
Meanwhile, the aforementioned resistance line near $96.00 precedes the $100.00 threshold to challenge Brent oil bulls. Should the quote remains firmer past $100.00, lows marked during November 2013 and April 2014, respectively around $103 and $104.00 should flash on the buyer’s radar. It’s worth noting that the commodity’s upside past $104.00 will be hindered by multiple resistances marked during July 2014 near $108-109.
Overall, geopolitical risks keep energy prices higher but the key resistance line triggered recent profit-booking.
#crudeoil Future Trajectory 7000-7100 act as a major resistance range for crude oil
above this range , it may test 7500
else ready for big fall
USOIL/ CRUDE OILHTF Order flow of USOIL is bullish, though we can expect retacement to downside and pullback buys from the given zones.. Look for LTF Break of structure then take entries
MCX Crude Oil : Correction is Expected!!!Global crude oil prices have risen more than 14 percent in the past 30 days as traders see a continued rise in demand and supply fails to keep up. The 400,000 barrel per day output hike recently decided by Oil and Petroleum Exporting Countries is not expected to meaningfully bridge the gap between demand and supply.
TECHNICAL ANALYSIS
Crude oil has touched resistance recently and today it mace bearish harami candle on the peak near to its resistance which triggers downfall in crude oil.
CONCLUSION
Short crude oil with a stop loss of yesterday’s high. Very soon correction of 500 points can be seen from current levels.
Crude oil Headed for $115-120Crude oil trading at highest levels in 7 years.
Multi year Resistance zone is now acting as support zone.
The Black gold is expected to test $115-120 levels in 4 to 6 moths time
Russia - UK tension to and demand pickup to be key drivers
originally published on 1st Feb after highest monthly close in 7 years
Close below 87 will nugget the view
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Disclaimer :
-Please conduct your thorough research/analysis before doing the trade
-Idea shared is only for educational purpose
-Please trade on your own risk
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EWT: Will Crude Oil Reach 7000?Crude oil is forming impulsive waves ((5)).
After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)).
Wave B has crossed the high of wave ((3)), but wave B couldn't break the low of wave A.
Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum.
Price has exceeded the sub-wave B of wave ((4)).
Sub-wave 4 of wave ((5)) is in progress.
If their price breaks out the high of wave 3, we can expect the following target for final sub-wave 6697-6785-6865+ . It means the price has bullish sentiments above wave three and vice versa.
Breakout of the parallel channel shows the weakness of the impulsive wave. Note that wave four can never overlap the starting point of wave 1.
Crude profit booking....Crude is in perfect channel.
Heading to $96- $98.
Above $98 we can see upto $105- $109
However $82 - $84 seems to be the base.
Crudeoil As per astrology what Next ?As per astrology we are expecting Fall will be Soon,
Because of Sun Vs Saturn Conjunction on 5th Saturday,
So any time we expect Fall. Go short towards 10$ downside move minimum
Crude Positional Shorts @ 95-96$ range for Target 86- 80-75+ Crude Positional Shorts @ 95-96$ range for Target 86- 80-75+
Crude Analysis !! #Crude #Commodities
Description : Crude at lower levels following support area and a trendline zone as well. At top upper parallel levels of trendline are followed. Now at top and formed a strong red candle which can a be probable top if it gives follow through and breaks 86$ level.
Support Area : Break of Support at 86$ downside will lead to immediate support at 76$ followed by 72$ & 65$. If not, Uptrend may continue.
Resistance Area : Break of resistance on upside 91-92$ on upside will again resume uptrend.
