Get started

Mcxcrude

CRUDE OILCRUDE OIL Looking good to go long at current levels or in dips ( if any ), there is a good and clear assumptions of wave structure along with trendline breakout on daily time frame. Price again closed above mass psycology cloud, and also above RK's stop line and also price has given close above 20DMA, also trend indicator macd is showing same bias to go long. On the way up side it can show 8883, and 9978 levels and more, on the way down RK's stop line which is pegged at 7687 would be a major support to watch out for upcoming days. Overall wave structure of U S OIL - CRUDE OIL international Daily Chart Overall wave structure of CRUDE OIL MCX Daily Chart macd on weekly positive MACD in mcx crude daily chart Price again closed above mass psycology cloud, and also above RK's stop line 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.
MCX:CRUDEOIL1!Long
by RK_Chaarts
2
Will ICOMDEX Energy reach 7500 Before March? ICOMODEX ENERGY is forming an impulsive wave 3. Price has finished the corrective wave (iv)of wave 3, and the price is forming an impulsive wave (v) of wave 3. Price is about to make the last leg v. If the price breaks the high of w. iii, it can make an upward move of 7135 - 7290- 7355 -7477. After the accomplishing of wave 3, the price will fall and break the acceleration channel. What are the turning points for the prices? + Wave v can finish at 2.618 (7477) reverse Fibonacci retracements of Wave iv. + W.(v) can finish at 2.618 (7167) reverse Fibonacci of w.(iv) + 3rd wave can end after the breakdown of sub-channel. I will upload further information for intraday traders.
M
by forextidings
MCX Crude Oil : Correction is Expected!!!Global crude oil prices have risen more than 14 percent in the past 30 days as traders see a continued rise in demand and supply fails to keep up. The 400,000 barrel per day output hike recently decided by Oil and Petroleum Exporting Countries is not expected to meaningfully bridge the gap between demand and supply. TECHNICAL ANALYSIS Crude oil has touched resistance recently and today it mace bearish harami candle on the peak near to its resistance which triggers downfall in crude oil. CONCLUSION Short crude oil with a stop loss of yesterday’s high. Very soon correction of 500 points can be seen from current levels.
MCX:CRUDEOIL1!Short
by moneymarine
EWT: Will Crude Oil Reach 7000?Crude oil is forming impulsive waves ((5)). After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)). Wave B has crossed the high of wave ((3)), but wave B couldn't break the low of wave A. Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum. Price has exceeded the sub-wave B of wave ((4)). Sub-wave 4 of wave ((5)) is in progress. If their price breaks out the high of wave 3, we can expect the following target for final sub-wave 6697-6785-6865+ . It means the price has bullish sentiments above wave three and vice versa. Breakout of the parallel channel shows the weakness of the impulsive wave. Note that wave four can never overlap the starting point of wave 1.
MCX:CRUDEOIL1!
by forextidings
2
Unlocking The Next Targets of MCX Gold, Crude oil, & AluminiumGold Price Slowly Going Upside Key levels: 48113 - 47616 MCX gold has been moving under the range of 48113 - 47616. It's a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 - 48490 - 48600 - 48700. And if it breakdown the 0.5 retracement level, then we may see 47496 - 47300 - 47160. Kindly note, 47616 is strong support. ***Beware, Crude Oil Bulls - That’s the Beginning of the End*** Barrier: 6290 level Crude oil may keep running upward for the levels of 62360 - 6500+. To maintain an uptrend, it has to crossover the hurdle level of 6290 by closing above. And if it breaks the level of 6060, then wait for my update. ***Aluminium Is Going To Test Critical Technical Support Levels*** MCX Aluminium is coming back to the strong support of 226.6. Be ready to jump on it.
MCX:GOLD1!
by forextidings
Are these red candles a trap in Crude Oil?We are bullish on crude oil for short term (one can say till expiry 17 dec) Risky traders can take long position in trade with a strict stop loss of 4620 for a target of 5450. ======= We are still trading in the range between 4600 and 5500. Any lower or upper breakdown will decide its direction again. ======= Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis. Follow the rules, be patient and stock market will definitely reward you... ======= Follow to get regular updates Take care & safe trading...!!! Regards =======
MCX:CRUDEOIL1!Long
by moneymarine
MCX Crude Oil Elliott Wave Cycles Point More Upside Price had made extreme low at 795 on 20 Apr '20. It had started a quick recovery after an inviolable bottom-out. Due to bearish sentiments and no evidence of the verified bottom, It had constructed 2nd wave correction. The second wave retraced 38.2% of wave 1, which indicates a sturdy bull trend is ahead! The acceleration phase lasted for 246 days and, the Fibonacci extension of wave 3 was 161.8% of the wave. The public participation increased when the price had broken up the high of the first wave. It has the signal for bulls that crude was likely to make a new high. After the acceleration phase, the price has corrected the bull phase with a double zigzag. It had retraced 38.2% of wave 3. This correction was sharp in comparison with 2nd wave. According to the above chart, Wave 2 has taken 89 trading sessions to correct wave 1. Wave 4 has taken 45 trading sessions to correct wave 3. Wave 4 was a surprising disappointment for the bull traders. Here, wave 3 is not a power extended because it hadn't moved across wave 1.618% of wave 1. According to the Elliott wave principle, commodities are more often extending at the 5th wave. Currently, the price has made a new high of 6428 . Price has entered the corrective phase. It is constructing the 4th sub-wave of the impulsive wave ((5)). There are two possibilities, 1. If the price breaks the parallel channel, we can expect 50% to 61.8% retracement for wave 4. Be aware of the fake breakout! Remember, entry is also not possible without an exact reversal signal. Caution: Wave 4 can never overlap the starting point of wave 1. 2. Price is on the control line of the base channel. The safe trader can enter the buying position when price breaks the wave B. Be connected with me to get intraday updates.
MCX:CRUDEOIL1!
by forextidings
5
MCS Crude Oil Technical AnalysisAt 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 opening of almost 200 points down from its previous day's high. OPPORTUNITY You can short crude oil around 6240 today with a stop loss of ₹ 6336 for a taget of ₹ 6065-5990.
MCX:CRUDEOIL1!Short
by moneymarine