Long buildup at MCX crude oil.Buy Crude Oil Sep Future below 4970, T1 - 5106, T2 - 5280. SL as per your risk profile.
Mcxcrudeoil
MCX Crude Oil In-depth Analysis & TipsMCX Crude oil can go down for a retracement value of 0.236 in the upcoming days. So, intraday traders can set the following targets to make some money: 4560 - 4500 - 4460 - 4400
But, if brent oil breaks $66.60 upside, then change your position for the following targets: 4800 - 4880+
Refer to the recently published NYMEX Brent Oil Futures article:
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYSell crude oil at 4568
stop loss 4593
Target 4473
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYCrude oil is on Sell
as per our Tycoon Gann trading sell at cost and hold for targets
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYsell crude oil at 4270
stop loss at 4283
target 4219
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYBuy crude oil at 4217
Stop loss 4197
Target 4301
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYbuy crude oil at 4103
stop loss 3080
Target 4185
Crude oil Buy / Sell Based on Fibo and GannSell crude oil at 3900
Stop loss at 3920
Target 3847 / 3821
MCX Crudeoil - Forecasting the Next step with EWTMCX crude oil has made the bullish Elliott wave on the 4H time frame. The fifth wave is remaining, and the trend has to cross 3900 - 4000 - 4040 to complete the fifth wave.
Then the trend will fall for a short time to make the A of the ABC correction. After that, it will rise again to a particular level to make the B, and then fall again for a short time to make the C. This is how the trend will complete the Elliott wave pattern with the ABC correction.
But if it falls, then it will be the failure of the Elliott wave. And targets for the fall will be 3700 - 3650 .
As per the indicators............
DMI- ADX is greater than 25, +DI is above the -DI. DMI shows the allover uptrend. RSI is indicating the uptrend, too.
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.
