Shorting opportunity in MCX CrudeOil Futures if the price breaks the trend line and stays below the shorting zone.
SL: 2630, Target1: 2559, Target2: 2536
For the better time your entry, you can use a 1Minute time frame.
The analysis is valid for today only.
Disclaimer: All views and chart analysis shared are purely for knowledge and information purposes only....
Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
According to my view USOIL is at 61.8% Retracement (correction) in Daily candle closing basis. This is based on basic technical analysis with support and Resistance/Supply & demand using Fibonacci Retracement as an entry level and Fibonacci extension for target level. As per my view it will reach to 32.90$. As we know USOIL if spot price for crude oil futures in...
Crude after the saudi news has now consolidated and showing some volatility for traders.
Resistance for MCX Crude
2763
Expectation
Upper range to stay near 2700-2800 for the week.
Trade
Real time trades can be obtained from me via social media platforms
As discussed live on social media platforms MCX Crude made a low of 3462 yesterday, went up to our resistance of 3577.
3500 CE went 50% from our levels.
Support for the day
3389
Resistance for the day
3507
Expectation
Reversal from lower levels
My trade
I have issued a trade for 3500 CE on social media
As discussed live on social media platforms we shorted 3577 high and went long at 3440 low. Traders made big ticket money yesterday.
Resistance for the day
3520
Support for the day
3452
Expectation
I am expecting $ 50 threshold to break in US session today which comes around 3664 MCX level
My trade
We're long 3500 CE @ 109
Real time updates
I post all...
As discussed live on social media platforms I advised to go long as 3343 MCX level was ready to get knocked down. MCX crude rallied all the way upto 3450 and morning gap up above probably 3550. Traders made tons of money
Support for the day
3391
Resistance for the day
3647
Expectation
Fireworks in US session
My trade
I'll post trades on social media platforms
As discussed MCX Crude found resistance at 3615 and fell sharply. Futures traders made good money of 60-70 points in no time.
Support for the day
3415
Resistance for the day
3502
Expectation
Range bound with reversal in US session
My trade
Buy near support , sell near resistance
Real time update
I'll update on social media channels whenever I get time
As discussed 3680 gave support to crude till US session and broke in equity sell off. With global volatility to continue for 48-72 hours more , I have suggested to buy 3800 CE at lower levels , target is updated live as 144.
Support for the day
3557
Resistance for the day
3692
Expectation
I am expecting high range bound volatility over next 24-48 hours and a...
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...
![CRUDEOIL1!: CrudeOil Day Trading Strategy [27 May 2020]](https://s3.tradingview.com/o/OPT8qBsn_mid.png "CrudeOil Day Trading Strategy [27 May 2020]")
