Crude oil has given a very good fall. But has it bottomed out? From the charts, we can see 5700 levels is where crude has formed the nearest bottom. Also, the swing high is 6000. I will go long if 6000 is taken out in the next couple of days. Otherwise, I will not be trading on crude.
News Based: Post-CPI Inflation data 3.1% rise in November YoY - Massive sell-off of Crude was seen. Higher oil prices contribute to inflation directly and by increasing the cost of inputs. Hence, we can see a massive crude oil sell-off. Technicals 5755 is a crucial level if Crude sustains below we can see a massive downfall as seen in the image
Crude is basically going for 2022 Highs. Geopolitical concerns will fuel this rally. I am aiming for 118.00. Not Financial Advice(NFA)
Crudeoil important levels to watch are as follows #Support: 6810 Sell below: 6810 only on 15 minute candle closure below the level. Target 1: 6740 Target 2: 6670 #Resistance: 6890 Buy Above: only on 15 minute candle closure Above the level. Target 1: 6950 Target 2: 7030 #Demand Zone: 6810-6820 may act as a immediate buying zone, and price may bounce from...
Crude oil price again rejected from 200 ema in 1 Day time frame. In 4h time frame clear formation of double top & falling RSI. Price may retest 6000 level, below 6000 level 5700 may also be possible.
MCX Crude Oil: Will it Drop Below 5000 Before the Weekend? In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022 . Currently, the price is undergoing a retracement, approaching the key level of 50% . Following the peak, crude oil prices began to decline,...
formation of symmetrical triangle in crude can be seen in the chart above. targets for long and short are marked in the chart above. take entry upon 5 minute candle closure.
Levels: Support: 5500, 5450, 5350 Resistance: 5500-5575, 5625, 5700, 5750 OI Data (17th April Expiry): Nearest Major Resistance per OI data: 5700 Nearest Major Support per IO data: 5500 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 5600 | 5560 | 5650 |...
Levels: Support: 6280, 6200, 6150, 6070, 6000 Resistance: 6325, 6400, 6430 OI Data (16th Mar Expiry): Nearest Major Resistance per OI data: 6400 Nearest Major Support per IO data: 6200 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6325 | 6290 | 6350 |...
Levels: Support: 6250, 6175, 6075 Resistance: 6300, 6400 OI Data (15th Feb Expiry): Nearest Major Resistance in Crude per OI data: 6500 Nearest Major Support in Crude per IO data: 6200 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6300 | 6250 | 6350 |...
Levels: Support: 6350, 6300, 6200 Resistance: 6450, 6500, 6650 OI Data (15th Feb Expiry): Nearest Major Resistance in Crude per OI data: 6500 Nearest Major Support in Crude per IO data: 6300, 6200 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6500 | 6400 | 6600|...
CrudeOil Levels for Monday: Major Support: 5900 Major Resistances: 6230, 6600, 6730 Max OI Call writings (Resistance): 6200 Max OI Put writings (Support): 6000
Supports: 6150, 6100 Resistances: 6300, 6380, 6450 OI Data: Max Resistance: 6600 Max Support: 6000 Trend: Downward.
Supports: 6540, 6480, 6430, 6375, 6300 Resistance: 6600, 6625, 6670, 6715 From OI Data Most crucial point is 6500. It has max PUT and Calls.
Supports: 6520, 6420, 6320 Resistances: 6700, 6850, 6950 Per OI Data: Supports: 6500 (3K Puts) Resistances: 6600, 7000 Overall Trend: Positive.
Support: 6100, 6000, 5850, 5800 Resistance: 6300, 6450-6500 Per OI Data: Support: 6000 Resistance: 6300, 6500 Mostly rangebound: 6000-6500
Supports: 5900, 5800 Resistance: 6030, 6120, 6275, 6350 OI Data: Max Resistance per OI data: 6200, 6500 Max Support per OI data: Still 6000 has max PUT View: Bearish
Dotted green line: A pennant broken in downside Blue line: Head and Shoulder Pattern Purple line: M pattern (double top which is coinciding with down trendline).