Usoil15min.This is an entry taken after a multi confirmation such as SMC, price action etc...All of you are requested to trade only after getting multi confirmation and take full care of your risk management.
Oil
Crude Oil Important levels !After a sharp decline yesterday, crude oil managed to bounce back from the support zone.
currently, crude oil broken out from trendline resistance as per hourly chart and sustained above the supply zone.
Next immediate resistance or expected targets on the upside are marked in red line on the chart.
Disclaimer: This is just a view and only for educational purpose. follow your own trading setup before initiating any trade.
follow us for more such information.
Crude Oil intraday Levels !Currently crude oil is trading near its support zone.
a bounce back for the target marked in dashed line can be expected if it manages to close above the trendline resistance as per the 5 minute candle.
trade with caution. follow your trading setup before initiating any trade.
Crude Oil Intraday !Crude oil actionable areas are marked in the chart.
Please trade on 15 minute candle closure on either side. if triggers for upside or downside...targets are marked in the chart. As this is expiry today trade with caution and focus on scalping !
#XAUUSDThis can be a good buy entry. This is #smc based & multi confirm entry based, but You take your entry only after multiple confirmation And do take care of your risk management.
USOIL.F ANALYSIS ( Crude Oil Prices )ANTICIPATION OF FED DECISION
The Federal Reserve is meeting this week to decide on a potential interest rate hike. While analysts agree that the central bank will maintain its rates for the first time since March 2022, investors are focused on the tone of the announcement. If the Fed hints at further rate hikes later in the year, as many predict, oil prices could decline further🔻📉.
GLOBAL ECONOMIC CONCERN
The Eurozone has entered a technical recession, and there are concerns about the U.S. economy facing a similar fate due to potential interest rate hikes by the Federal Reserve in response to high inflation. The economic data from China, the world's largest oil importer, also showed a decrease in exports for the first time this year, raising concerns about short-term global oil demand.
TECHNICAL ANALYSIS
As per the technical analysis of USOIL in a DAY-TF,WEEKLY-TF & MONTHLY-TF are showing downtrend ( STRONG SELL ). Apart from this, Moving Average ( MA5 (SELL 69.28), MA10(SELL 70.47), MA50 ( SELL 73.88), MA200 (SELL 78.20)) & Technical Indicator ((RSI(14)SELL), (STOCH(9,6)OVERSOLD), (MACD(12,26)SELL)) are showing strong sell.
Is Crude Oil rallying its way to hit $140?Commodity Samachar, Pune – On Monday, we saw a drop in the crude oil rate just in the afternoon, but the reason behind it is something truly exciting.
On Monday, the price of oil fell $2 just 2 days ahead of the US. FED meet. This was coupled with the concern about China’s fuel demand growth and Russian crude supply weighted on the market.
As per several indications from market sources, they expect that the US central bank will leave interest rates unchanged when it concludes its 2-day monetary policy meeting happening this Wednesday.
In other news, Goldman Sachs has lowered its price estimate for Brent crude to under $90 per barrel by the end of 2023 after 2 previous reductions. This has been done due to the weak data arrived from China, one of the world’s biggest oil importers.
The final blow to crude oil came from news arriving from Iran. Oil prices fell in the Asian trade after Iran’s supreme leader said that the country was open to a deal with the West over its nuclear programme.
Ayatollah Ali Khamenei, the Supreme leader mentioned that a deal was a possibility if Iran’s nuclear infrastructure was kept intact. The comment by Khamenei paved the way for fear pertaining to a nuclear deal among oil traders given that it could flood the market.
Monthly Chart Outlook – Crude Oil:
On Monday, technical analysts at Commodity Samachar witnessed a rally going on up to a higher level from a lower level.
From that point onward, it hit a high of 123.66 points. After consecutive highs, there was a significant fall in crude oil prices. Currently, it is trading at a rate of $68.
However, we expect that it shall remain in between the $65 – $61 range and there will be a buying opportunity with a positional stop loss of $40.
Traders can initially see an upside target of $110 and it will stretch to $125. Finally, crude oil will rally and reach a magnificent high of $140. Traders will be able to see such a high level in the market.
All traders should anticipate something big on the way. A Fibonacci extension is being seen in the current crude oil chart.
The Fibonacci extension that’s forming will hit its first target of 0.38%, then it will follow the trend and hit 0.50% and the final target would be 0.61%.
For crude oil to reach its target, it shall be completing 24-36 months. We are expecting crude oil to reach a target of $140.
Crude oil’s Initial resistance at $75
many questions remain to be answered. We’ll be back with updates on this sensational news.
Commodity Samachar
Learn and Trade with ease
CRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO waveCRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO wave
Impulse wave completed (5 wave /1 to 5). In this pattern 5th wave was longest wave
Now on present wave on corrective phase i.e. Advanced Elliott wave (Neo wave)
Upside move target 88. but if it break "ob" trend line thats only possible
Note: Crude falling means globally crises to be happed. Its not good indication for stock market. Even Indian Market for good, although not much more fall.
Its only for education purpose
CrudeOne can try long here with small SL of 5550. As it is trendline support and it is going down since long we can see some good upmove
Xauusd 15minIt was a low risk entry with a profit of RR 1:15. This was a #SMC/#OD based entry. Entry was taken after multiple confirmations.
Xauusd A small buy can be seen in the short time. Take entry only after multi confirmation and always take trade by paying attention to your risk management.
Bearish Harmonic In Crude OilSell PRZ - 5924/5935
Add More Sell If Price Rise To 5977/5990
SL - 6021
Target - 5800/5760
#USDINR This is a very profitable trade. Will take great support which can be great for a smaller time frame.
Crude Oil 10% up in 5 daysCrude Oil is going to be be on Fire making 5800 to 6500+ in short duration
NZDUSD Swing Long1) Weekly Timeframe is bearish
2) Daily Timeframe is retracing back to the structure
3) 4HR has switched from bullish structure from bearish structure
Bullish Butterfly In Crude OilBullish Butterfly In Making In Crude Oil
Read Carefully. This Is A Complex & 2 Way Trade.
The Most Important Number is 5540, If 5540 Breaks Then Crude May Fall To 4868.
As Per The Harmonics Buy Will Come Only At 4868 Level.
Buying PRZ - 4868/4900
SL - 4645
Target - 5370/5530
Crude ready for major movement formation of symmetrical triangle in crude can be seen in the chart above.
targets for long and short are marked in the chart above.
take entry upon 5 minute candle closure.
Go Long On crude for $20 tgt ($95) On weekly to 10D & 12D charts, it's time to go long on oil. Use your 1h & 2h charts for entries as per your TS. Find chances to go long on pullbacks & other consolidation-b/o patterns . Tgt can take 15-30 days, though one can take multiple trades & book Profits at several intervals. Along with it, we need to keep an eye on copper long trades as well.
