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Oil

Crudeoil Important Levels to watch !CrudeOil important levels to watch are as follows 📍 Support: 6020 📊Sell below: 6020 only on 15 minute candle closure below the level. 📉Target 1: 5970 📉Target 2: 5900 📍 Resistance: 6100 📊 Buy Above: 6100 only on 15 minute candle closure Above the level. 📈Target 1: 6145 📈Target 2: 6200 📈Target 3: 6250 ⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. ⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
MCX:CRUDEOIL1!
by InvestyourAsset
19th Dec ’23 - Nifty50 adds a NEW ATH to its kitty - 21505Nifty Analysis Recap from yesterday: “I do not wish to change Nifty’s stance — I still prefer to look for long-only trades. However, 21341 would be the laxman rekha for me tomorrow also.” 4mts chart link - click here Nifty does another gap-up today which is sold into falls over 142pts ~ 0.66% to hit an intraday low of 21337 before reversing. Quite interestingly it came to my level of 21341 and I was ready to change my stance - but the reversal came quite fast. Thank God, I didnt pull the trigger. Guess what happened then - we had a healthy rising momentum and we took out the 21500 levels. The new ATH is 21505. After highs were hit - we gave way to profit booking and fell 76pts ~ 0.36% to close the day with just 34pts gains. 63mts chart link - click here Nifty has positively surprised everyone this month. After surging past the 20875 levels - N50 is not willing to take the rest. We broke out from the ascending channel, now it has formed a trend line well above that - how do I explain this craziness to someone? For tomorrow the bullish stance continues and the first support level will be 21407. Meanwhile, the Geo-political developments in the Suez Canal are looking pretty disappointing. It may take a week or two to get the real impact of it. If the ships are rerouting via South Africa - it only means higher supply-chain costs & delays. The first needle to watch maybe will be CrudeOil.
NSE:NIFTYLong
by viswaram
OIL - Bullish Consolidation with VolumesNSE: OIL is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:OILLong
by BrahmaBull31
CrudeOil Important Levels to watch CrudeOil important levels to watch are as follows #Support: 5870 Sell below: 5870 only on 15 minute candle closure below the level. Target 1: 5820 Target 2: 5740 #Resistance: 5955 Buy Above: 5955 only on 15 minute candle closure Above the level. Target 1: 6010 Target 2: 6080-6085 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
MCX:CRUDEOIL1!
by InvestyourAsset
12th Dec ’23 BankNifty PostMortem - India's inflation at 5.5%BankNifty Analysis BankNifty had a better price action today than Nifty. In the sense that the down move was more stable and compelling. Since yesterday we said we would love to go neutral below 47000 - we are changing the status now. 4mts chart link - click here Even though the day’s low was only 47004, I would prefer to go with the status change because of 2 reasons. FinNifty had a dichotomy with BankNifty today - this may be expiry-related. After 11.00 AM, BankNifty had no attempt to go up, it was just too tired to even try. We got the inflation data today, India’s Retail Inflation 5.55 per cent in November 2023. source PIB. Vegetables 17.7% inflation, fruits - 10.95%, cereals - 10.27%, pulses - 20.23%. Quite surprised to see fuel and light deflated to -0.77% even without a fuel price drop. Crude oil has fallen 40% and yet we do not have a cut in petrol or diesel prices. Inflation hits the most for the poorest segment of the population where the marginal propensity to consume is higher. 63mts chart link - click here BankNifty is also above the ascending channel, only if it drops below the lower limit we can really get into a bearish zone. But looking at the price action today, I would like to play tomorrow’s expiry on a neutral tone.
NSE:BANKNIFTY
by viswaram
Crude Oil Mini Intraday Prediction Levels for 7 Dec 2023Crude Oil Mini Intraday Prediction Levels for 7 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels act as support and resistance. You have to trade according to level breakout or breakdown. If You are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
MCX:CRUDEOILM1!
by suraranjanganguli
Technical Outlook of Crude oil ( WTI )Crude oil prices experienced a decline, reaching the lowest point since November, attributed to a growing surplus in supply. Despite the OPEC+ official announcement, oil prices have maintained relative stability in the aftermath. Participants within OPEC+ are recognizing the missed opportunity and attempting to mitigate the situation through additional comments, such as those made by the Saudi Energy Minister. In terms of technical analysis, the $80.00 mark serves as a crucial resistance level. If crude oil manages to surpass this threshold, the next resistance is anticipated at $84.00 (represented by the purple line), where selling pressure or profit-taking may occur. Conversely, the soft support near $74.00 is currently under pressure, acting as the final defense before potentially entering a range of $70.00 and below. Traders should monitor the $67.00 level, marked by a triple bottom from June, as the next significant support level. Revised Support Levels: $71.50 to $70.80 Revised Resistance Levels: $73.50 to $74.80
BLACKBULL:USOIL.FShort
by tradewith_ritik
Crude Oil Mini Intraday Prediction Levels for 5 Dec 2023Crude Oil Mini Intraday Prediction Levels for 5 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels act as support and resistance. You have to trade according to level breakout or breakdown. If You are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
MCX:CRUDEOILM1!
by suraranjanganguli
Crude Oil Mini Intraday Prediction Levels for 4 Dec 2023Crude Oil Mini Intraday Prediction Levels for 4 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels act as support and resistance. You have to trade according to level breakout or breakdown. If You are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
MCX:CRUDEOILM1!
by suraranjanganguli
CRUDEOIL LOOKING WEAK-SHORT ENTRYCRUDEOIL LOOKING WEAK AS PER ANALYSIS Moving Average Observations: Price below 50-day, 100-day and 200-day Moving average. RSI Observations: The Daily RSI indicator has remained below 50. This is a bearish zone. Current Daily RSI reading is 42.43. ADX Observations: The Daily DMI position remains bearish. Donchian Channel Observations: Price is below middle Donchian channel (Bearish). Ichimoku Observations: Price below Ichimoku clouds. Price is below middle Bollinger band (Bearish).
MCX:CRUDEOIL1!Short
by YASHSINCE1995
Unlocking Opportunity: Soybean Oil's Reversal Sparks InterestSoybean Oil Futures Analysis: Current Price: $52.71 Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now observable. Upon closer examination, we identify a change in character within the market dynamics. We are strategically considering a buy position for the oil script, setting a risky stop loss at $50, and a broader stop loss at $48. Despite existing chart resistance, our expectation is for the price to reach $60.80 and beyond. It's important to note potential resistance points, as indicated on the chart. Additionally, should the price manage to breach and sustain $64.80, a significant and sustained rally could unfold over an extended period. Please be aware that this analysis is for informational purposes only and does not recommend replicating the same trading strategy. Happy Investing!
CBOT:ZL1!Long
by iamrk7