So much is changing everywhere.
Next, we'll see there.
Crude after the saudi news has now consolidated and showing some volatility for traders. Resistance for MCX Crude 2763 Expectation Upper range to stay near 2700-2800 for the week. Trade Real time trades can be obtained from me via social media platforms
BPCL can move either side. Chart analysis shows it has broken the support zone and should head down towards 360 levels But privatisation and fall in crude oil price can push the price up. Due to coronavirus, the market is mostly based on the news rather than technical. Upside target of 503
Expecting bottom formation in range of 26-30 in a few months as per long term trend lines
overall stock now in a bear grip , but looking at risk reward on trade side a pullback can be expected thus will trade in two way if it comes at 1370/80 zone will short or if comes at 1290/1300 will accumulate with stop mentioned
As discussed live on social media platforms I advised to go long as 3343 MCX level was ready to get knocked down. MCX crude rallied all the way upto 3450 and morning gap up above probably 3550. Traders made tons of money Support for the day 3391 Resistance for the day 3647 Expectation Fireworks in US session My trade I'll post trades on social media platforms
* Horizontal Trendline Support * Rising Trendline support on RSI #KeepItSimple
As discussed MCX Crude found resistance at 3615 and fell sharply. Futures traders made good money of 60-70 points in no time. Support for the day 3415 Resistance for the day 3502 Expectation Range bound with reversal in US session My trade Buy near support , sell near resistance Real time update I'll update on social media channels whenever I get time
As discussed 3680 gave support to crude till US session and broke in equity sell off. With global volatility to continue for 48-72 hours more , I have suggested to buy 3800 CE at lower levels , target is updated live as 144. Support for the day 3557 Resistance for the day 3692 Expectation I am expecting high range bound volatility over next 24-48 hours and a...
As discussed live Crude hit a low around $ 50.45 in US session. We went short with 3700 pe at 48 and booked profit at 132. Put went on to hit a high of 160+. Support for the day 3680 Resistance for the day 3761 Expectation Pull back underway , 3761 might get tested My trade I'll try to buy 3800 CE at support Real time update I'll update whenever I get...
As for a trend view I expect crude can touch 55$ to 57$ another few days