UKOILBRENT (Crude Oil):- 74.22 CMP, 80 to 90 zone (Multiple Resistance Zone)
1) Dow Theory (Downtrend Since 2008/2009)
2)Crude takes year to rise (But in pandemic its is rise too fast)
Oil
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Take trade as per the values given in Fibonacci. always trail the stop loss. Do your own analysis before taking trade
Tide Water Oil Taking Multiple Time Support ...stock is taking support from trend line and now ready for big move ..
If it cross 13000 and sustain then so bullish ...BULLISH
on 1hr time frame we can cup and handle pattern formed
And it is also forming bullish channle pattern
Spotting a Macro Trend in Oil Industry.US Oil is facing resistance on a long Trend Line. Oil will reverse from this point which tells us a lot about the industry in general. How the world is shifting towards electrification and adapting to the new electric revolution in the auto sector which is the major consumer of oil. Dependence on Oil will decrease from here on. There are no new consumers rising for the oil but rather would be decreasing over a period of time. This is more like a slow death of oil. It won't disappear all of a sudden. This can take 5 to 10 years time keeping in mind how rapidly & exponentially the world is changing.
This is purely a short trade. An aggressive one from the current market level. For the target of $32-$34.
Crude Oil Looking good above 5515Crude Formed Round bottom. looking good above 5515,
for target up to 5650 - 5675
US OIL READY FOR THE RALLYAfter nearly 4 months of consolidation, US OIL about to break the crucial zone of 67-68 to witness 75 levels. The bullish momentum above that can zoom the price like anything!
CRUDE OIL FORMED BEARISH ABCD IN 2 HR TIMEFRAMECrude oil need to reversed from cmp tgts marked blue color n sl marked in black color
Take your own analysis before entry
USOIL Us Oil is in Daily Resistance after a breakout towards upwards it stared to give correction .Either it will be sideways for somedays otherwise it will reach upto 66 region in the daily breakout for retest then it will strated to push up
CRUDE OIL BEARISH BAT FOUNDWe already expecting Head n Shoulder pattern in Crude.
Now we have Bearish Bat also hope fully we can get good profit.
Entry n Exit SL marked in chart.
Take your risk and enjoy
USDWTI - U. S. Dollar / WTI Crude Oil Let us have a look at USDWTI Crude Oil Chart Daily chart shows crude oil trading in the ascending triangle. WTI Crude Brake and sustain above 67 levels we can see the higher levels towards 74.25 levels which offers a very good risk reward as one can keep stop loss below 64 levels. From the weekly charts you can observe the WTI Crude Break Out already happened above 64.36 levels and on weekly charts flag and pole formation also seen so all in all WTI Crude is showing strength so one can think of buying crude oil.
Only for Educational Purpose
Oil india long positionOil india is trying to break upper side and the nearest resistance level is at 159.
HINDOILEXP (HOEC) analysis for JuneStrong Uptrending price , making HH HL.
May break strong resistance at around 128-131, if oil produces from the eastern offshore field (tentative end of June).
#PETRONET CMP247 #Target 271(10%) #ioc #ongc #tidewater #bpcl #PETRONET
NSE: PETRONET
CMP 247
Target : 271
SL 238
Time Frame < 2 months
Can hold the stock for longer time after part booking.
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
PEER COMPARISONS:
NSE: ONGC
NSE: TIDEWATER
NSE: IOC
NSE: OIL
NSE: HINDPETRO
NSE: BPCL
NSE: PETRONET
NSE: SUPPETRO
NSE: CHENNPETRO
NSE: RELIANCE
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With 💚 from Rachit Sethia
MCX CRUDE OIL FRESH BULLISH BREAKOUTCRUDE OIL POSITIONAL VIEW
Symmetrical Triangle Breakout in Established Up-Trend
RSI Sustaining above 60 Level
Look it for Bullish Entry Above 5080 or Between 4900-4950
Target - 5300/5700
Stop Loss - Daily Closing below 4890
US OIL 1D CANDLE STRONG RESISTANCEUS OIL 1D candle Strong Resistance at 66.32 from 2019
Current market trying to break this level from March
This idea is only for educational purpose.
A man who masters patience masters everything else.
CRUDEIf weekly close is above black horizontal line then crude may go up further from the current level...
INDIAN OIL CORPORATION LONGAs the chart shows, Indian Oil Corporation has given a BREAKOUT from a 3 year old resistance. (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: CMP (111-112)
Target 1: 127.50
Target 2: 144.50
Target 3: 155.50
STOP LOSS: 102
TRAIL STOP LOSS
VOLUMES ARE TOO GOOD!!
Risk-Reward Ratio favorable
I would recommend a long swing trade.
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