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...
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...
Crude oil short (31 Dec) RSI- 39 Prices falling with increasing volumes Sell at CMP- 5648 SL- 5705 Target- 5588, 5546 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Gold 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 -...
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...
Amazing profit delivered by crude short call given around 6100 level. Wait for further action in crude. Could not update post earlier due to higher fluctions.
Crude oil short Sell at CMP- 6055 SL- 6095 Target- 5986, 5949, 5910 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Crude Oil is hovering around 6030 on MCX. Sell crude Oil around 6030 for a target of 5800. We are not responsible for any loss or even porfits you incurr on our suggestions. Charts and views are only for educational purpose.
Crude oil Long Buy at CMP- 6115 SL- 6071 Target- 6183, 6231, 6311 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Crude oil Long Buy at CMP- 6120 SL- 6067 Target- 6183, 6231, 6311 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
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...
At 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...
Today Sell Signal generated at MCX Crude Oil in the range 6360-6380. Long position holders check your positions.
Crude Oil is running in channel since septmber, we many time initiated purchases near support lines but avoided short selling as Crude is in Bull cycle. We suggested you to buy near 6200 on 22nd Oct for a target of Rs 6500 which you may see tomorrow. In a few days crude may give another signal either for long or short position. We may soon see a trend reversal...
Crude oil is running in a channel. Crude oil is moving in a fixed channel. If you get a chance to buy near support line go for long in crude oil, as mentioned in earlier blogs we are bullish on crude oil untill it achieves a target of ₹ 6500. Do follow our stop loss stretagy.
1. RSI is in overbought zone. 2. DOJI candles with lower high 3. upside 60400 target, 4. not week but one should enter when cross the all time high, or brent cores 84$ and close. 5. trading above weekly CPR. high chances of retracement .
TECHNICAL ANALYSIS In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December. Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021. Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in...
1. Cup and handle pattern on daily chart. ( handle is in under construction.) 2. china energy crisis. 3. rising dollar $$ 4. increasing bond yield 5. OPEC countries are unable to increase crude production as per demand All above are the indication of crude might see new high. one should look opportunities to buy.