Mcxcrude
Crude oil Buy / Sell Based on Fibo and GannSell crude oil at 3900
Stop loss at 3920
Target 3847 / 3821
When MCX Crudeoil touch 4000 levels? - Part IAccording to the daily chart of MCX crude oil, it is further advance for short-term investors. The retracement level of 0.618 is a perfect entry-level.
In the previous update of crude oil, we have recommended buying many times.
As per RSI & MA, it seems bullish. We will see soon target 1 and target 2 price after a short reversal.
But if you want to see a clear trend, we'd see it in a 4 hours chart.
LINK is available in the comment section.
When MCX Crudeoil touch 4000 levels? - Part IICONTINUE: When MCX Crudeoil touch 4000 levels? - Part II
According to the 4H chart of MCX crude oil, it's sharply moving upward. It's safe for intraday & short-term traders to take a position nearby the support trendline or 50 MA for the targets of 3600 - 3660 - 3700 - 3800 .
But what if it breaks the support trendline? DMI is indicating collapse ahead. I will update it soon.
CRUDE ABOVE 3500 CAN GIVE GOOD MOMENTUM CRUDE FORMED DOUBLE BOTTOM AS SHOWN IN CHART, AND RETESTING IT..
LOOKS BULLISH ABOVE 3500 RESISTANCE.
EDUCATIONAL PURPOSE ONLY !
MCX CRUDE OIL: Massive Rally is coming soonAccording to this chart, crude oil will keep moving forward and hit the following targets: 3600 - 4000 - 4400 - 4800 .
Here value 1 of retracement will react as support. And consecutive breakout of this support is a direct sign of a downtrend. It can be up to 0.886 (2982) to 0.786 (2735). You can use it as a target.
UPDATE: Identifying the Crude Oil Price Next Big MoveDid you read my 23 Nov report on crude oil?
Visit here: Identifying the Crude Oil Price Next Big Move
I had written in bold words, " smart investors can buy for 3260 - 3300 - 3360 - 3400 levels ".
Crude oil has touched the first three targets by making a high of 3376 levels.
Per lot, we have made a profit of 150+ points ( Rs.15,000+ ).
Crude oil Buy / Sell Based on Fibo and GannBuy crude oil 3206 CMP 3212 Stop loss 3190 Target 3260 / 3303
Crude oil Buy / Sell Based on Fibo and GannBuy Crude oil at 3097 Stop loss 3087 Target 3149 / 3190
Have a happy trading
Crude oil Buy / Sell Based on Fibo and GannSell crude oil at 2824 / 2835 Stop loss 2853 Target 2771 / 2745
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