Resistance level: 7035 Support level : 6915 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
CRUDE OIL JUST rejects the breakout level of 7250, continuously falling till 7000 . The next IMPORTANT SUPPORT is 6900 ; below it, we can see the level of 6780 to 6700 . ABOVE important RESISTANCE is 7250 only above that we can see some buying. BEFORE that we can look for SELL on RISE
Is MCX crude oil downtrend a trap? According to the Elliott Wave analysis on the crude oil daily chart, it has completed wave (4) and trying to move out from the Parallel channel’s (PC) control line (CL). If that successfully remains above CL, crude oil prices will hike from CL to the resistance line of the PC. That’s a direct call for target levels of 7800 –...
For Crude Oil demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
Resistance level: 7180 Support level : 7103 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
CFTC publishes on a weekly basis COT reports in 3 formats - Legacy, Disaggregated, Financials. www.cftc.gov Big financial / commodity / currency traders keep a watch on this data on a weekly basis. All futures traders should also track this data. To make it easy to consume, I created 3 indicators to consume this information in a simple...
For Crude Oil demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
Resistance level: 7094 Support level : 7038 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
Wait for order filling at the 7100 range to move up. It will enter zone by 11th Nov 2022.
Resistance level: 7443 Support level : 7335 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are...
Expecting next move in Crude Oil - Option A. It may happen from tomorrow 09th Nov
Gold is showing positive divergence on chart. so, it may bounce from here up to 1717-1727 level. It is also trading in downward parallel channel so correction also come from 1717-27 up to 1621,1560
My analysis for US OIL is bearish. Though we have liquidity above and a unmitigated supply zone sitting above. I believe after liquidity sweep we might turn around in the bearish direction. Thank you.
Crude oil is looking Bullish ahead Reasons are mentioned below Inverted head n shoulder Neckline Breakout Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame Possible wave counts on weekly chart Possible wave counts on Daily chart Possible wave counts on 4 hourly Possible wave counts on 1 hourly Price...
Market can be bullish if it breaks the neckline of crude oil h&s pattern. Keep your eyes.
As crude oil is continuously moving in an undecisive manner, not giving many moves to go long now, we can see a good move from it. the triangle breakout will give us a good long and short position in the upcoming weeks. Levels that are holding the immediate support are 85.50 for the short-term period and 82.00 for the long-term period. levels that are ...
Crude price reverse back from around 90.50 for 7 times in last 12 days. Today again it visited the hurdle and turned back. Interesting to watch .
Price is trying to take support at prior low but RSI is making lower low. Looking at scenario, we can guess that... Price can not sustain at these levels.