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Mcxcrude

CrudeOil in major resistance area may give breakout*$$CrudeOil is trading near major resistance area with positive news around the world for it. If Iran block Strait of Hormuz then it will give breakout from this area for target of 6655-6722 area & then 6988, 7301, 7500,7750. If Iran problem solved with USA then it may fall also from this resistance area with fast momentum for target of 6033, 5633, 5155, 4733. Please consult your advisor before taking any trade & with proper risk management. Thank You
MCX:CRUDEOIL1!
by K_Dyadav
MCX Crude Oil: Complex Correction Complete?Big Picture Structure — Daily Timeframe After peaking at 9996, Crude Oil entered a prolonged complex corrective phase, unfolding as a W-X-Y-X-Z structure, reflecting a Elliott Wave complex correction pattern. Wave W formed via an initial abc decline. Wave X delivered a corrective bounce. Wave Y unfolded into another abc leg down. A second X followed, creating further complexity. Finally, Wave Z completed with a terminating abc decline, bottoming near 4724. With this, the entire larger degree Wave 4 correction appears to have completed, setting the stage for a potential higher-degree advance. Zoom In — 4H Timeframe Analysis Zooming into the rally from 4724, price action unfolds very cleanly: A strong 5-wave impulsive advance has developed. Wave 3 displayed strong extension — a healthy sign of impulsive strength. Wave 5 pushed to a higher high near 6585, completing a likely Wave (1) at smaller degree. Notably, the final leg of this upmove developed with RSI bearish divergence, often an early warning of short-term exhaustion, suggesting a corrective Wave (2) pullback may now be developing. Outlook Ahead With higher degree Wave 4 likely behind us, attention shifts to the ongoing development of the larger degree Wave 5. A corrective Wave (2) pullback may offer attractive entry zones for the next bullish impulsive leg. As long as price maintains structural integrity above the 4724 low, the broader bullish outlook remains intact. Summary Complex W-X-Y-X-Z correction likely complete. New bullish sequence underway. Short-term corrective pullback (Wave 2) anticipated. RSI divergence signals caution for immediate upside, but larger bullish trend remains intact. Chart will be updated as price action evolves. Disclaimer : This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
MCX:CRUDEOIL1!Long
by WaveXplorer
Demand Zone Breakdown + Trade Strategy📈CRUDE OIL FUTURES | 15-Min Chart Analysis 📆Date: June 3, 2025 Ticker: MCX:CRUDEOIL! Chart Overview: The chart highlights a bullish reversal from previously marked demand zones. Price sharply bounced with volume confirmation, indicating renewed buying interest. Two demand zones have been marked for observation: Possible Strong Demand Zone: ₹5389–5377 | SL Below ₹5376 Possible Demand Zone: ₹5360–5347 | SL Below ₹5346 Price is currently trading around ₹5,425, showing a significant up move post-demand zone test, suggesting buyer dominance in the short term. Demand Zone Breakdown: 🟩🟩 Strong Demand Zone (₹5389–5377): Strong volume-backed bullish engulfing formed after price dipped here. Ideal zone for aggressive long entries with SL below ₹5376. 🟩 Lower Demand Zone (₹5360–5347): Acts as deeper support and a conservative re-entry zone. Long entries possible with SL below ₹5346 if retested. How to Trade Demand Zones (Long Trade): Wait for a retest of the zone. Watch for bullish confirmation candles (hammer, bullish engulfing, etc.). Enter long near the bottom of the zone. Place SL just below the demand zone. Stop-Loss Placement: For Strong Demand Zone: SL below ₹5376 For Lower Demand Zone: SL below ₹5346 Targets: Use Risk-Reward Ratio 🎯 Use a 1:2 or 1:3 RRR to set logical target levels. 📌 Example: If risk is ₹10, target should be ₹20–₹30 above entry. 💡 Why Use Risk-Reward? Sets clear and objective targets Keeps emotions out of trading decisions Helps maintain long-term profitability with disciplined risk control ⚠️ Risk Management Tip: Always trade with a clearly defined stop-loss. Avoid impulse entries. Start with small quantities and increase size only with confirmation. Capital protection comes first. 📢 Disclaimer This post is intended for educational and informational purposes only. It does not constitute investment advice or trade recommendations. Trading in commodities and financial markets involves risk. Please consult a SEBI-registered advisor before making financial decisions. The author is not SEBI registered and shall not be liable for any losses. Always use proper risk management and do your own research. 👉 Follow for more trade setups, chart breakdowns, and educational content to improve your trading edge. Stay informed. Trade smart. 📊📈
MCX:CRUDEOIL1!Long
by simpletradewithpatience
2
ICOMDEX & MCX CRUDEOIL – Bigger Picture AnalysisICOMDEX CRUDE OIL Timeframe: Monthly It is the ICOMDEX monthly timeframe chart where the price has started a new impulsive cycle from the low of 1270. The price has broken out 20 & 50 Exponential moving averages. RSI is snowing bullish momentum with a 56.97 level. Wave formation and Fibonacci relationships: Wave (2) retraced 38.2% of wave (1). Wave (3) is a power-extended wave with 3.618% Fibonacci extension. Wave (2) is trading above the starting point of wave (1) Wave (4) retraced 61.8% of wave (3). Wave (4) hasn’t entered the price territory of wave (1) and has formed a complex correction of W-X-Y. Crude oil has accomplished the complex correction and marked evidence by breaking the descending channel of the corrective structure. According to the Elliott wave principle, an impulsive cycle can only be confirmed by breaking out the sub-wave X of the previous correction. If the price breaks out wave X, traders can see the following levels: 10550 – 11500 – 12744+ . Not having confirmation will be the confirmation of the continuation of the corrective phase. MCX CRUDE OIL Timeframe: Weekly As we can see on the above chart, we are getting a similar structure, and mainly the confirmation. ICOMDEX & MCX CRUDE OIL can be a comrade to confirm each other, just like we used to compare Dow Jones with other indices. If the price breaks out 7657 , traders can trade crude oil for the following targets: 8200 – 8950 – 9950+ . We still need to look at the lower timeframe to connect the worm’s-eye view(Micro picture) with the given eagle view.
MCX:MCXCRUDEX
by forextidings
5
Crudeoil Important levels to watch. Crudeoil important levels to watch are as follows #Support: 6810 Sell below: 6810 only on 15 minute candle closure below the level. Target 1: 6740 Target 2: 6670 #Resistance: 6890 Buy Above: only on 15 minute candle closure Above the level. Target 1: 6950 Target 2: 7030 #Demand Zone: 6810-6820 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 6870-6890 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?MCX Crude Oil: Will it Drop Below 5000 Before the Weekend? In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022 . Currently, the price is undergoing a retracement, approaching the key level of 50% . Following the peak, crude oil prices began to decline, forming a parallel channel pattern. The price has been trading below this channel for over a year. Based on moving averages data, crude oil is expected to reach the support level of 5396, which is currently acting as a strong support zone. A potential reversal may occur around the "control price line" from the 0.5 level of the Fibonacci retracement. If crude oil breaks the key retracement level and consistently closes below it, the following target levels may come into play: 5200 - 5000 - 4700.
MCX:CRUDEOIL1!
by freestocktips
1
Unveiling Insights from MCX Crude Oil Mini May Contract ExpiryAs a derivatives trader and the developer behind MRISKA DTS5, I'm thrilled to share some fascinating insights from the recent expiry of the MCX Crude Oil Mini May futures contract. Let's delve into the observations and what they mean for the world of derivatives trading. Death Level Signals Potential Breakdown: During the expiry analysis, MRISKA DTS5 calculated the "Death Level" for June's contract at ₹5742 per barrel. Breaking this level in any upcoming session would indicate a high probability of a breakdown, signaling a continuation of the bearish trend. It's essential to monitor the price action closely for potential trading opportunities. Safe Level Hints at Potential Breakout: MRISKA DTS5 also revealed the "Safe Level" for June's contract at ₹5974 per barrel. If the price surpasses this level in any upcoming session, it signifies a high probability of an up-move and breakout. This could potentially mark the end of the existing bearish trend and open doors to substantial demand for Crude Oil. Market Dynamics: The Closing Price: On 19th May 2023, the Crude Oil Mini June contract closed at ₹5932 per barrel. This closing price, just below the Safe Level, indicates a delicate balance in the market. Traders should remain vigilant as it may set the tone for the upcoming sessions. Navigating the Uncertainty: In this highly volatile market, it's crucial to stay informed and adapt to changing market dynamics. Keeping a close eye on the Death Level and Safe Level can help traders identify potential breakout opportunities and manage risk effectively. Remember, the world of derivatives trading is ever-evolving, and these observations are valuable tools to navigate the volatility. Stay tuned for more insights and updates as we continue to decode the intricacies of the market. Disclaimer: The observations provided here are based on historical data and market analysis. It's important to conduct thorough research, consult professionals, and formulate your own trading strategies before making any investment decisions.
MCX:CRUDEOILMM2023
by IndexAce
USOIL CRUDE OIL possible Elliot wave countsHello Friends, here we had shared possible Elliot wave counts with our view on US OIL - CRUDE OIL, in which we are waiting for further confirmation to confirm the TREND as per Elliot wave structure, we are possibly at the ending of wave ((2)) corrections or may have started wave ((3)), let's wait to confirm by chart itself, so possibilities of wave counts have been discussed in details in this video study, one can observe it in live market as per study discussed in this video study, I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thanks Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:USOIL
by RK_Chaarts
4
MCX Crude future analysisLet's do a multi time frame analysis of Crude chart. On monthly time frame Crude seems to be running in a parallel channel, except that it has given two outliers outside it. It first broke down the channel during Covid to make a new low and then during Ukraine Russia crisis it broke out of the channel to make a new high. On weekly time frame, crude made a double top with rising wedge formation and broke down and since then it is in downtrend where every rise has been sold off and finally it entered back in the same channel during August'22 and since then it has been facing resistance at the top of the channel. Current chart formation indicate that it is making a inverted flag & pole kind of formation and has given a breakdown of the lower trendline with double top formation. On daily time frame, pattern indicates that it recently made a triple top at the previous resistance / breakdown level of 6780, with immediate support placed around 6000/5800, and if it starts sustaining below it - there is possibility that crude may melt more. On 4 hour time frame, it is making a rounding top and breakdown of the same can take crude to around 5200 levels, pattern target - which is also near about bottom of the channel support placed on monthly time frame.
MCX:CRUDEOIL1!Short
by aktradelearning