Breakdown and downtrend continuation in a descending channel for #ukoil keep tracking it for short term trading
Short on crude as rsi has formed negative divergence Target -5330/5540 SL - 6261 CBLS
Breakdown of a symmetric triangle might cause the crude to see levels of 55 soon.
Hi The PA suggests that the crude is good to short right now. I had missed the opportunity to short the previous breakdown (which you can see in the trailing chart). I made the chart well before but kept sleeping on it. Nevertheless, currently I am short on a 15 min timeframe. Will review it on one hour later.
As analyzed earlier. Targets achieved with small Sl and Good Target Points.
Crudeoil forming inverse head & shoulder Looking tgt 6600-6650-6700 in very short term👆 Keeping on radar Crudeoil 6500 CE feb Let see👍
Crude oil taking Resistance from the key levels and reversed from that. targets shared on the basis of technical analysis and Concepts
Brent is at H&S breakdown at 83.97 Wait for confimation drop below 83.50 and volume spike Target 79 Please do your own research before investing.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
RSI Based Strategy on commodity. We can use RSI in two timeframe to identify Bullish and bearish sentiments. 5 & 15 Mins timeframe is best for intraday Trading. Add two set of chart of RSI and make upper rsi band at 60 and lower rsi band at 40. In 15 min timeframe, if upper band value greater than 60.it means we have to find out buy trade. And RSI lower band...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
Inter Market Divergence btwn CURRENCYCOM:OIL_CRUDE and NSE:NIFTY suggesting we are nearing the end of corrective phase. A Bullish Trend reversal likely ahead. As per Elliott Waves and Inter Market Analysis. #Elliottwave
SELL CRUDEOIL sell 6565 sl 6581 tgt 6510 /6450 the level is breached and given sell
Crude is bouncing from a very good Demand Zone in WEEK Time Frame and is near to the neckline of Inverted H&S in DAY Time Frame. Buy when Breakout above Neckline Buy above 6750 Tgt 7250 - 7600 SL 6500 Disclaimer: These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
Crude Oil. Bearish Case :- Narrow Weekly Bar. Weekly MA Resistance. Daily RSI Resistance Zone. Weekly TL Resistance Bullish Case : COT reports JUST Started turning Bullish. Bullish Daily and Weekly Momentum. So overall scenario is still confusing. Ideal case will be to attempt ONE more Leg down and then UP. But, that is not a necessity. So waiting for a concrete...
Crude weekly bottom with deep crab then upside 2.41% level now completed reciprocal ab=cd with previous support area in 4 hour try to forming head and shoulder pattern Buy suggested above the closing of 6760 for the target of 7663-8556-9399-10005 holding trade.
The stock ONGC has been trading with a higher high and higher low price formation. Today, the stock broke out from a this horizontal line on above average volume. Upward Momentem possible Comment All your Views