Mcxcrude
CRUDE OIL "Megaphone" DetectedA very interesting pattern. Sell crude oil in range of 2900-2930 Strict SL - 2961 Target - 2775
Crude oil Buy / Sell Based on Fibo and GannSell crude oil at 2754 stop loss 2782 Target 2676
Fibonacci and gann always rocks follow us support us and research with us
MCX Crude Oil Hourly Charts In-Depth AnalysisFOR THE DAY TRADERS:
MCX Crude oil has made a symmetrical triangle pattern, and that indicates a bearish continuation. At present, its price is moving inside the triangle pattern. That's a consolidation area. The prices will keep playing sideways here.
Intraday traders can sell or buy based on control price. The last expected stop is at E. So, we may see crude oil at/below 2840 - 2820 level.
FOR SHORT-TERM INVESTORS:
This symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern.
Upper breakout's targets: 3130 - 3200 - 3280+
Downward breakout's targets: 2610 - 2560 - 2460
Beware to tail, fakeout, and excess.
#CRUDEOIL #OIL #MCXCRUDE - set for a wave C downThe upward to sideways moves over the last few weeks seem to have ended with wave Y. If prices trade below 3005, below the diagonal triangle we should be set for a large downmove. This could be a move larger than the one that started in Sep and lead to 2600 levels. Will track as it progresses
Crudeoil in USD has the same pattern and should be headed the same way
MCX CRUDE FUT CONTRACT BREAKOUT DONE !! Next TGT 3080 .. Trading range of the week is 2985 - 3085
Market May Behave Choppy
Educational Purpose Only ..
Consult Your Financial Advisor Before Investing
#crude one can long if breakout happen then it can go till above PRZ. anf if find reversal there then one can short from der
CRUDE OIL (MCX) (SHORT)CRUDE IS FORMING A SYMMETRICAL TRIANGLE LIKE PATTERN - AND REJECTING AT FIB 61.8 - 50 % LEVELS GOOD PLACE FOR SELL....CRUDE IS IN SELL TREND BETTER GO WITH SHORT'S...
TARGET IS - 2800
STOP ABOVE - 2984
#MCXCRUDE headed down#MCXCRUDE should head down below recent lows in wave C as part of the correction following the break out from the ending diagonal.
#Crudeoil Diagonal triangle completed, now headed downCrudeoil sports clear 5 waves with wave 5 taking the form of a diagonal triangle. Crudeoil should head down for a few weeks to months.
Only for study trend : up
Entry : above 3227
SL : 3215
Target: minimum 3263
Only for study .
best of options traders
USOIL Buy at 41.5 , from the support levelI will go LONG on USOIL because:
1) The price is under Support/Resistance zone.
2) It has touched the support and may reach the resistance zone .
3) Target would be the Resistance area . Book profit when it reaches the resistance zone .
4) The price is also forming a Chanel or Rectangle Pattern .
CRUDEOIL Jul ContractIf Sustains above 3076 then go long
Target as per R-R
Analysis is only for educational Purpose
The game of supply and demand : distribution and accumulation
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we can see the structure of distriibution and accumulation.
it's the part of wick off theory.
(i) accumulation shows more demand then supply and more buying presure.. means it shows more buyers or bulls
in market comparing to bulls.
(ii) distribution shows more supply then demand and more selling presure.. means it shows more seller or bears
in market comparing to bulls.
US oil long US oil cyclic retracement completed and downtrend breakout done .. so we can go for long
