CrudeOil Analysis based on trend analysis.
Trend
After the fall from the level of 59, seems to have some bounce from the low level of 51. Now the trend is not bullish nor strong bearish based on the current level of holding.
Analysis
On my analysis, may have good entry at the lower level of 54 with the SL of 52.50 and the target of 56 to 56.50 level. But if...
Brent, after breaking through prior high of 66.7 has now pulled back towards the same area. This move could just be a retest of that level and it wouldn't be a surprise if price appreciates from now. Hence long trades are preferable with tight stop below 66; because below which the price could fall to 64 or to the bottom of the Rising channel. On the upside, do...
Brent Crude has taken support from a rising trendline. We could also see a "Morning Star" candlestick pattern adding to bullish bias. But 63.60 is an immediate resistance which will test the strength of Bulls. If price manages to break above 63.60, we can well expect crude to move towards 65.50. However, if the upward move gets arrested at 63.60 and manages to...
Hi Trader,
I have found Bullish Gartley in Daily Chart . I have share perfect entry point, exit and stop loss point.
This is Long Term trade plan.
Wait for next week price will retrace entry point.
Give Like for support.
Crude is nearing a very important zone here, Looking at last year's profile, we are appearing near a crucial low volume node ( marked in red zone).we should
1. either have a breakthrough the zone, then we are looking for a serious uptrend here or
2. look for a failure and a reversal from this area back into this years volume areas.
MCX (Multi commodity exchange) is regulatory body of commodity market and commodity like base metals, valuable metals, oil,crude oil and gas are exchanged on it. Most effectively traded product over the MCX is gold and crude oil as all things considered of it are profoundly fluid in nature.Like other trade MCX has its opening and shutting time between which...
Crude we are holding below the 51.5-65 areas (Thats the composite balance areas ), this plays well for shorts to test the 49.90 zones in the coming sessions.
USOIL is at the vpoc of 2017 around 49.3. pretty important level to watch out for. can be a low risk swing bounce idea.. break of this can alternatively target the VAL of 2017 at 46.5 zones.
WTI US Oil prices have contracted forming a triangle, almost cornered right through. Expecting a break soon. Most likely with the upcoming API/Inventory data.
Based on Historical and Technical Analysis . Crude Oil -0.28% Might Fall as per Fundamental and Technical Anlaysis and above Trade has Tight Stop Loss with Good Risk-Reward.
Enjoy and Comment.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
