Crude 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...
What happens next? That described in the chart. You can ask me anything related to this chart by below comment section or DM.
Now we are in our way of positional target 3048 & 3131 ... yesterday new high 3033... so we can hold for the targets ... This chart is for intraday basis ...
We can go for buy and sell whenever the blue line reached
crude oil mcx looks bearish unless it breaks the resistence of 2800 below 2600 we can short for the tgt of 2400 - 2250 the points and levels are for educational purpse only trade at your own risk pls like the page and share the chart
Shorting opportunity in MCX CrudeOil Futures if the price breaks the trend line and stays below the shorting zone. SL: 2630, Target1: 2559, Target2: 2536 For the better time your entry, you can use a 1Minute time frame. The analysis is valid for today only. Disclaimer: All views and chart analysis shared are purely for knowledge and information purposes...
Downtrend targets: 800 – 760 – 700 – 600 Below Traders can stop selling if it closed above the hurdle level or watch out the resistance trendline.
According to my view USOIL is at 61.8% Retracement (correction) in Daily candle closing basis. This is based on basic technical analysis with support and Resistance/Supply & demand using Fibonacci Retracement as an entry level and Fibonacci extension for target level. As per my view it will reach to 32.90$. As we know USOIL if spot price for crude oil futures in...
Brent Crude has taken support from a rising trendline. We could also see a "Morning Star" candlestick pattern adding to bullish bias. But 63.60 is an immediate resistance which will test the strength of Bulls. If price manages to break above 63.60, we can well expect crude to move towards 65.50. However, if the upward move gets arrested at 63.60 and manages to...
WTI crude oil will take a pause@ 54.59 to check resistance 57.87
Expertcrudeoil.com - NYMEX, Brent Crude oil costs gain unassumingly Light, sweet raw petroleum costs picked up on the New York showcase Mar. 7 as did Brent unrefined petroleum costs in London in spite of markers of debilitating world financial development. The European Central Bank slice its 2019 development estimate to 1.1% from 1.7%. Already, the...