BPCL can move either side. Chart analysis shows it has broken the support zone and should head down towards 360 levels But privatisation and fall in crude oil price can push the price up. Due to coronavirus, the market is mostly based on the news rather than technical. Upside target of 503
overall stock now in a bear grip , but looking at risk reward on trade side a pullback can be expected thus will trade in two way if it comes at 1370/80 zone will short or if comes at 1290/1300 will accumulate with stop mentioned
Buy NSE:OIL on 147.30/- is fantastic investment
usoil guys kindly follow on twitter to communicate and connect better i dont stay on tradingview often
Hi, here is my analisys for EURRUB pair baised on previous history, bullish pennants and Russian course on import substitution due to Oil price decreasing because of world economic slowing.
WTI Crude oil might test the resistance of the red line in the chart. The 80 level. The low of 55 is important
RSI divergence in us oil .....ready for fall... Refer chart ...
HINDPETRO-VS-OIL PAIR TRADE EXECUTE THE FOLLOWING HPCL(HINDETRO) DEC FUT BUY@267.2 QTY:2100 OIL(OIL INDIA) DEC FUT SHORT @155.5 QTY:3399 !!EXECUTE BOTH TRADES!! !!STATISTICAL ARBRITRAGE!! !!HOLD FOR GAINS!! !!FOLLOW UP-FOR UPDATE!!
REASON FOR SELLL CALL: 1) SOLID SUPPLY ZONE REACHED AND REVERSAL FOUND 2) DAILY TF TRENDLINE REVERSAL FOUND 3) REVERSING FROM ASCENDING CHANNEL TOP TVC:USOIL TVC:USOIL
EXPECTING CRUDE TO FALL FROM CURRENT PRICE.... REASON FOR SELL CALL: 1) CHANNEL TOP IN 4 HOUR TIME FRAME 2 )GRAVE STONE DOJI AT 4 HOUR TIME FRAME AT CHANNEL TOP 3) HOURLY BEARISH ENGULFING 4) HIGHER TF TRENDLINE REVERSAL 5 )STRONG 4 HOUR RESISTANCE
sl provided and must be folloowed strictly
clear fake out on weekly , then downturn , expecting it to go further down to $50 in coming 3-4 weeks .
Buy USOIL between 58.7 & 57.50 T1: 63.30 T2: 65.80 T3: 69.00 T4: 72.60 SL: 53.80
WTI Crude OIL very long term analysis - www.researchgate.net
BUY above 150 SL 149 Targets 152, 154, 155, 157, 158 OR OIL 26SEP 150 CE (₹6.60), 155 CE (₹1.70)
any resistance like 56.5 on HTF is bright place to short , if anyone can maintain the short for next 4 month we can see oil well below $50 .