Brent oil fades bounce off 61.8% Fibonacci retracement (Fibo.) level of September-October upside, drops back below 200-SMA amid bearish MACD signals during early Friday. The UK benchmark for oil currently eyes 50% Fibo. level of $81.55 on the way to retest the early November trough surrounding $80.80. However, any further downside will be challenged by oversold...
Natural Gas has confirmed support and changing the trend you can create long positions with small stoploss. Entry : 375 SL : 352 Target 1 : 434 Target 2 : 470
Crude Oil is hovering around 6030 on MCX. Sell crude Oil around 6030 for a target of 5800. We are not responsible for any loss or even porfits you incurr on our suggestions. Charts and views are only for educational purpose.
Crude oil short Sell at CMP- 6066 SL- 6120 Target- 6023, 5982,5925 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Crudeoil heading for doubletop pattern might consolidate between 6500 5360 .. 1st tgt 6980/2nd 7180
Crude oil Long Buy at CMP- 6115 SL- 6071 Target- 6183, 6231, 6311 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Sell Crude Around 6140 Target below 6000 Stop loss 6210
NATURALGAS exactly touch the support and reverse now ,once breaks trend line ,will expect to reach 450+
After a long rally and a series of higher highs & higher lows we are seeing Head & Shoulder pattern at the top of chart in CRUDE suggesting some correction in prices. MACD has also shown divergence, untill the price stays below neckline of the pattern we can see more decline in prices of Crude till 5900 to 5700. Break of the neckline and right shoulder will...
At present Crude Oil on MCX is trading around 6210 with a day low of ₹ 6197 and made a high of ₹ 6244. Crude oil remained under pressure this week globally. If we talk on technical side, Crude Oil was running in a fixed channel since Septmber 2021, but on October 27th 2021, it closed below support line and yesterday on 28th Oct, it opened at 6180 with a gap...
Today Sell Signal generated at MCX Crude Oil in the range 6360-6380. Long position holders check your positions.
Crude Oil is running in channel since septmber, we many time initiated purchases near support lines but avoided short selling as Crude is in Bull cycle. We suggested you to buy near 6200 on 22nd Oct for a target of Rs 6500 which you may see tomorrow. In a few days crude may give another signal either for long or short position. We may soon see a trend reversal...
Crude oil is running in a channel. Crude oil is moving in a fixed channel. If you get a chance to buy near support line go for long in crude oil, as mentioned in earlier blogs we are bullish on crude oil untill it achieves a target of ₹ 6500. Do follow our stop loss stretagy.
Broke out on weekly chart Support at 105 RSI at levels of 66 Hold for targets - 133, 172
* 1.272 ABCD * 1.414 ABCD * 1.414 XABCD * hammer candle on daily * Divergence on 4 HR * double top in formation * higher oil inventories * RSI overbought on daily * 83$ strong support became resistance from 2012
Levels are mentioned on the chart for the short and long term as well . Trade with given levels . Follow for more in the future.
#Crudeoil Oct Short Sell at CMP- 6090 SL- 6124 Target- 6005, 5970, 5925 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
View for crude Can buy 6100ce looks good for tomorrow can reach 6200+ in future Risk reward is more than 1:1.5