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Oil

#crudeoil Important levels MCX:CRUDEOIL1! as we can see on ARC on which levels it resisted. on that level harmonic pattern also was there. now again at ARC resistance with harmonic pattern we might see fall from here but as this #russiavsUkraine war going on if #crude cross current ARC and Harmonic resistance then we might see crude at 10000+/-. ******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
MCX:CRUDEOIL1!
by linesandlevels
#Crudeoil turning lower - Wave A down in a diagonal Crudeoil has been on a tear making new highs in the last few weeks . All this may have ended in a wave 5 of 5 and a major turn seems to have begun. The downmove from the Feb 15th high is clearly a diagonal wave A ( or wave 1) , a correction in wave B ( or wave 2) has completed a few hours back. As long as the 94.95 high holds , look for an accelerated move at a minimum to 84, this could then lead to a medium turn that will keep crudeoil make new lows. We'll reassess further bearish potential at the later stage. For now look for a move to the 84-85 handle
NYMEX:CL1!Short
by SolomonsView
CRUDE OIL: Bearish for short termLEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. Either a larger correction of higher degree or a smaller correction as a ZIG-ZAG corrective wave , whatever the condition crude is going to fall if rejected from the current levels. TRADING STRATEGY: AGGRESSIVE PLAYERS: One should go short in the region of 93.5 $ to 94 $ keeping SL of 96$ and look for the target of 88$ and 85-84$ zone . SAFE PLAYERS: wait for the closing below 92$ & then go short for the target of 88$ and 85-84$ zone .
TVC:USOILShort
by TradingSutra
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