Sell crude oil at 3515 stop loss 3525 Target 3429 / 3395
According 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...
CONTINUE: 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...
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...
According to this chart, crude oil will keep moving forward and hit the following targets: 3600 - 4000 - 4400 - 4800 . Here value 1 of retracement will react as support. And consecutive breakout of this support is a direct sign of a downtrend. It can be up to 0.886 (2982) to 0.786 (2735). You can use it as a target.
crude oil sell at 3322 Stop loss at 3344 Target 3230
Did you read my 23 Nov report on crude oil? Visit here: Identifying the Crude Oil Price Next Big Move I had written in bold words, " smart investors can buy for 3260 - 3300 - 3360 - 3400 levels ". Crude oil has touched the first three targets by making a high of 3376 levels. Per lot, we have made a profit of 150+ points ( Rs.15,000+ ).
sell crude oil 3307 CMP 3288 Stop loss 3319 Target 3265
Buy crude oil 3206 CMP 3212 Stop loss 3190 Target 3260 / 3303
Buy Crude oil at 3097 Stop loss 3087 Target 3149 / 3190 Have a happy trading
Sell crude oil 3116 Stop loss 3126 target 3046 / 3012
sell crude 3109 Stop loss 3126 Target 3059
crudeoil sell at 3003 Stop loss at 3014 target 2893
Sell crude oil at 2824 / 2835 Stop loss 2853 Target 2771 / 2745 Fibonaacci and GANN always rocks follow us support us and learn with us
buy crude oil at 2897 stop loss 2865 target 2850 / 2877
First, 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...
I 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 .
What happens next? That described in the chart. You can ask me anything related to this chart by below comment section or DM.