Oil
Trendline Breakout In Crude Trendline Broken at 64.5 and we can see bearish movement till 63.
on Monday we can expect Market to retrace till 63.6 to 63.8 levels based on trendline and then we can expect downward movement only if Trendline is not broken.
Crude Oil to reach 5,450 by mid June 2021_ 13% upDate : 29 April 2021
Crude Oil (CMP: 4,818)
Cup and Handle Pattern Formation.
Target and Stop Loss given in the chart
CRUDE OIL : Corrective sequenceAfter a lot of choppy sessions & an upside move , crude struggled the level of 64.5 $ & bears took control over there. As per the current structure we can anticipate a zig-zag correction having wave B completed at the level of 64.4 $ . We expect a downside movement to break the level of 57$ at least. The key level should be watched 64.5 as the SL,
CRUDE OIL - INTRADAY ANALYSIS 27/04/21LEVELS are marked in the chart , These are the strong support and resistance in the upcoming market.
Double bottom in 30 mins timeframe
And as per the chart pattern the market has moved up.
Now it has hit the strong resistance at 4691, and its time for a reversal which is a
down rally.
We also need to check the inventory release for tmrw and involve in positionfor intraday
its a sell now and can expect the target as 4653
usoil trade setup oil taking support in zone 57 58 continuous , heavy fall only after close below his , while 5 week rejection suggest a push move at higher areas
Crudeoil - Flag patternCrudeoil forming Flag pattern after a long waited Ascending triangle break. Its time for the price to break the channel and move forward in todays session.
Look for a rally in Crude Horizontal line drawn basis hourly closing prices. Crude should be headed higher
WAVE C SETUP - WTI CRUDE OILVIEW:
Crude oil appears to be ripe for down move...
Structure/Pattern:
Impulse + correction ==> Impulse ==> wave c/wave 3?
#SUPPETRO #OIL #BANKNIFTY #NIFTY #TRADING #COVID19 #RELIANCE #IT#SUPPETRO
CMP: 459.25
Target: 577++
NSE:SUPPETRO
Can hold after the target!
Strongly bullish.
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Might blast to more than 577++
Super Bullish on this stock.
From Rachit Sethia with 💚
