Oil India Cmp 584.55 by Daily Chart views
- Support Zone 535 to 545 Price Band
- Resistance Zone 615 to 625 Price Band
- Volumes are flattish need to increase for a fresh upside
- Daily basis Support at 545 > 498 > 455 with Resistance at 625 > 668 > 704
- Breakout from the Falling Price Channel and attempts to cross the Falling Resistance Trendline
Symbol - CRUDEOIL (MCX)
CRUDEOIL is currently trading at 5690
I'm seeing a trading opportunity on buy side.
Buying CRUDEOIL Futures at CMP 5690
I will be adding more if 5550 comes & will hold with SL 5420
Targets I'm expecting are 6320 - 6585
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position....
A Triangle Pattern is forming in Crude Oil, with a Target at the Top of the Pattern and a potential to Achieve a +12% ROI. This is Long-Term Analysis, must follow the Trend continuation technique.
Will Oil Crash ?
Currently We Have Disinflation , And Then We will Se Deflation !!
Do You Think same ???
(My Personal views on Oil - Educational Purpose only.)
Please comment , If you have any suggestions or if you agree with this idea.
Symbol - USOIL
USOIL is currently trading at 70.92
I'm seeing a trading opportunity on buy side.
Buying USOIL at CMP 70.92
I will be adding more if 69 comes & will hold with SL 67.50
Targets I'm expecting are 75.50 - 78
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for...
MCX:CRUDEOIL1!
Good to short below 6440. (Wait for 5mint candle to close below 6440)
Targets :-
Level 1, 6370
Level 2, 6340
Level 3, 6300
Achievable targets are mentioned in chart as well
👉🏻thetradeforecast 🇮🇳
INTRO USoil
WTI holds below $73.50 amid slow China demand, halted Libyan exports
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.30 on Tuesday. Slowing manufacturing activity in China in August exerts some selling pressure on the WTI price. However, supply concerns surrounding Libya's oil output might cap its downside.
Price...
Crude is trading in a close rangle
Keep an eye on crude for bearish trade and if it turns bullish we should avoid trade for today
If bullishness occurs then we will trade it tomorrow
Crude oil is looking bearish only after the big red candle of friday. The view should be bearish below 6160 and bullish only above 6360.
Bullish trade should be avoided today and let the market decide
If crude sustains above 6360 then you can plan your trade tomorrow
MCX:CRUDEOIL1!
Good to short below 6410. (Wait for 5mint candle to close below 6400)
Targets :-
Level 1, 6378
Level 2, 6343
Level 3, 6302
Achievable targets are mentioned in chart as well
👉🏻thetradeforecast 🇮🇳
Crude is consolidating at the price of 6390 and CPR is also showing some good momentum coming with increasing cpr compared to yesterday.
Crude is still bullish until it breaks its days low with the first target of 6470 which is approx 80 points from now.
MCX:CRUDEOIL1!
Good to short below 6440. (Wait for 5mint candle to close below 6440)
Targets :-
Level 1, 6370
Level 2, 6340
Level 3, 6300
Achievable targets are mentioned in chart as well
👉🏻@thetradeforecast 🇮🇳
Hello Everyone 👋
# On TradingView, the levels for Crude Oil include:
Support: 7180-7160, 7120, 7000 (Solid support, even in OI data)
Resistance: 7250-7275, 7300, 7400.
For MCX Crude Oil, the intraday analysis suggests:
Support: Calculated using commodityquant’s advance pivot point formula
Resistance: Valid only for today’s session on a 5-15 minute chart
