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Oil

What 1-hour chart says? Fundamental Development: Oil prices extended gains in early Asian trade on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Poland, while hopes of Chinese economic stimulus buoyed the demand outlook. Brent crude futures rose 44 cents, or 0.4%, to $105.43 a barrel. U.S. West Texas Intermediate crude futures gained 12 cents, or 0.1%, to $101.82 a barrel. Crude prices settled about 3% higher on Tuesday in volatile trade as the market torn between supply and demand concerns over Russian oil and gas disruption and a worsening global economic outlook. Short Term Technical View: As per Bollinger, band indicator XTIUSD is showing strong bullishness in 1-hour chart. It is trading above yesterday resistance level 101.75. As per the chart buy on the dip strategy is good for XTIUSD. As per my view if XTIUSD trading above 101.75 in U.S. Session and crude oil inventories data also indicate positive so it will test next resistance level 104 near term . There is very strong support zone below 100. (Note: Crude oil Inventories will release at 8 PM (IST). Alternative Scenario: If XTIUSD will not sustain above 101.75 in U.S. Session and Crude oil inventories data indicate negative so it will be give great opportunity to short sell with the target of 98.
FXOPEN:XTIUSD
by RATONYCNC
Strong reversal showing WTI 1 hr Chart Fundamental Development : Oil was up on Tuesday morning in Asia opening higher after falling sharply during the prior session. WTI futures were up 0.97% to $99.50. Both Brent and WTI benchmarks ended the previous session down around 4%, with Brent tumbling as much as $7 a barrel during the session and WTI falling roughly $6 a barrel. China will keep liquidity reasonably ample in financial markets, the People's Bank of China said in a statement on Tuesday, a day after the central bank announced a cut to banks' foreign exchange reserve ratio to support the economy. Short Term Technical View: As per bollinger band indicator WTI future is taking strong reversal at support level 95.80 , Technically RSI Indicator also indicate reversal in the chart and showing bullishness above 50 level and increasing volume at support level showing strong buying , As per my view If WTI break today days high of 99.85 and CB Consumer Confidence data release in U.S. Session also indicate positive so it will be great opportunity to buy WTI futures above 99.85 with the target of 101.75 and take a stop loss at 98.68 . Alternative Scenario : If WTI future will not sustain above 99.50 level and break today low 95.80 and CB Consumer Confidence data release in U.S. Session also indicate negative so it will be great opportunity to short sell WTI futures below 95.80 level with the target of 93 and take a stop loss of 97.50 .
NYMEX:CL1!
by RATONYCNC
1
Crudeoil levels for 26-4-2022As per price action crudeoil is in sell on rise mode. 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. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish, red - bearish, black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. It is all your own risk.
MCX:CRUDEOIL1!
by Elango-ragavan
CRUDE OILCRUDE OIL Looking good to go long at current levels or in dips ( if any ), there is a good and clear assumptions of wave structure along with trendline breakout on daily time frame. Price again closed above mass psycology cloud, and also above RK's stop line and also price has given close above 20DMA, also trend indicator macd is showing same bias to go long. On the way up side it can show 8883, and 9978 levels and more, on the way down RK's stop line which is pegged at 7687 would be a major support to watch out for upcoming days. Overall wave structure of U S OIL - CRUDE OIL international Daily Chart Overall wave structure of CRUDE OIL MCX Daily Chart macd on weekly positive MACD in mcx crude daily chart Price again closed above mass psycology cloud, and also above RK's stop line Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
MCX:CRUDEOIL1!Long
by RK_Chaarts
2
Crudeoil Levels based 14-4-2022 closingCrudeoil reversal points marked will work until break the upper trendline. 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. If you follow diagonal trendlines you can take entry and exit easily. (note: color code: green lines - bullish, red lines - bearish, black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
MCX:CRUDEOIL1!
by Elango-ragavan
Crudeoil level for 11-4-2022Crudeoil responding the trendlines nicely, try to find near the trendline for buy or sell 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. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
MCX:CRUDEOIL1!
by Elango-ragavan
3
Crudeoil level for 7-4-2022There is Bearish head & shoulder already missed entry, may get chance to retrace entry since bullish harmonic pattern triggered yesterday low. 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. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
MCX:CRUDEOIL1!
by Elango-ragavan
Currently Short time sell trend in Crudeoil April 4 2022Crude is on correction mode i feel, once break the trend will fly to new high levels marked 29-3-2022 chart. Can safely play the game with todays level based on price action as well. 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. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
MCX:CRUDEOIL1!
by Elango-ragavan