Get started

Mcxcrudeoil

Will Crude oil touch 3648 before 2021?Crudeoil has started an Elliott wave and made the 4th wave, and now it's making a fifth wave. As per the rules of the Elliott wave, the fifth wave will be completed at 61.8% ( 3648 ) or 50% ( 3600 ) of Fibonacci retracement 1+3 . The 2nd wave is 61.8% of the 1st wave, the 3rd wave is (more than) 261.8% of the 2nd wave, and The 4th wave is 38.2% of the 3rd wave. After the completion of the fifth wave, there will be the ABC correction. And it would be completed between 3356 and 3216 . If the trend breaks the 3356 and 3216 both the levels, then the Elliott wave may fail. But if the trend completes the Elliott wave, the trend will again start to rise.
MCX:CRUDEOIL1!
by freestocktips
Crude Oil Price Setting Up For A Downside Price RotationFirst, let's talk about the previous update of crude oil. There, I have drawn the symmetrical triangle bearish pattern on the hourly chart of MCX's crude oil. I had written for the day traders, " ...the last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level ". THESE TARGETS HAS REACHED. And for the short-term traders, I had written in bold words, " this symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern. Downward breakout’s targets: 2610 – 2500 – 2460 ". Crude oil has touched the first target ( 2610 ) by making a low of 2606 level on 29 Oct '20. Now let's come to the point, will crude hit the second & last target or not? CRUDE OIL DOWNSIDE BREAKOUT ALERT! If crude oil prices break out the 2600 level, we will see 2540 - 2500 - 2460 levels before the weekend. Please note that don't sell it above the 2600 level. I have updated significant releases or events that may affect the movement of bullion & the energy sector commodities here:
MCX:CRUDEOIL1!Short
by freestocktips
3
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.
MCX:CRUDEOIL1!
by freestocktips
Crude View for next wek.. Might see some good downsideCrude Has been trading in a sideways zone from past some time but if we look at the bigger picture crude is facing resistance in its major resistance zone. Moving averages are now flat indicating the price is flat and upside momentum is lost. price is taking support from the trendline. If the trendlibe break there might be a posibilty that price might test its previous support. On the other side if crude its resistance we might see upside till 3500-3600
MCX:CRUDEOIL1!Short
by rohitgupta161087