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Oil

CrudeOil Important levels to watch !! CrudeOil important levels to watch are as follows #Support: 7025 Sell below: 7025 only on 15 minute candle closure below the level. Target 1: 6960 Target 2: 6860 #Resistance: 7130 Buy Above: 7130 only on 15 minute candle closure Above the level. Target 1: 7200 Target 2: 7290-7300 => # 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. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and 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
2
AUDUSD ShortFOREXCOM:AUDUSD - 4H Analysis Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
Crude Oil Important levels to watch !! CrudeOil important levels to watch are as follows #Support: 7385 Sell below: 7385 only on 15 minute candle closure below the level. Target 1: 7320 Target 2: 7240 #Resistance: 7475 Buy Above: 7475 only on 15 minute candle closure Above the level. Target 1: 7525 Target 2: 7580 Target 3: 7680 => # 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. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and 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
2
Saudi Aramco Long Term ViewTADAWUL:2222 SAUDI ARAMCO clean structure on chart. Extended wave 3 is completed. Now stock is on correction in wave 4 I think stock will take few more weeks to complete the wave 4 correction. Now I think there are more than 2 possibilities. I have shown 2 possibilities in chart. 1) First possibility is that stock is in wave 1 of extended wave 3. Red Arrow is shown on chart is showing that stock will break all time high level. It means that it's in wave 3. 2) Second possibility is shown with green arrow in chart. That stock is in complex correction and it's in wave X. If it's in wave X then labelling will be different which I not shown in chart. I will update regularly if corrections are needed for labeling.
TADAWUL:2222
by swaaapnil
ICOMDEX & MCX CRUDEOIL – Bigger Picture AnalysisICOMDEX CRUDE OIL Timeframe: Monthly It is the ICOMDEX monthly timeframe chart where the price has started a new impulsive cycle from the low of 1270. The price has broken out 20 & 50 Exponential moving averages. RSI is snowing bullish momentum with a 56.97 level. Wave formation and Fibonacci relationships: Wave (2) retraced 38.2% of wave (1). Wave (3) is a power-extended wave with 3.618% Fibonacci extension. Wave (2) is trading above the starting point of wave (1) Wave (4) retraced 61.8% of wave (3). Wave (4) hasn’t entered the price territory of wave (1) and has formed a complex correction of W-X-Y. Crude oil has accomplished the complex correction and marked evidence by breaking the descending channel of the corrective structure. According to the Elliott wave principle, an impulsive cycle can only be confirmed by breaking out the sub-wave X of the previous correction. If the price breaks out wave X, traders can see the following levels: 10550 – 11500 – 12744+ . Not having confirmation will be the confirmation of the continuation of the corrective phase. MCX CRUDE OIL Timeframe: Weekly As we can see on the above chart, we are getting a similar structure, and mainly the confirmation. ICOMDEX & MCX CRUDE OIL can be a comrade to confirm each other, just like we used to compare Dow Jones with other indices. If the price breaks out 7657 , traders can trade crude oil for the following targets: 8200 – 8950 – 9950+ . We still need to look at the lower timeframe to connect the worm’s-eye view(Micro picture) with the given eagle view.
MCX:MCXCRUDEX
by forextidings
5
CrudeOil important Levels to watch !CrudeOil important levels to watch are as follows #Support: 7045 Sell below: 7045 only on 15 minute candle closure below the level. Target 1: 6930 Target 2: 6750 #Resistance: 7204 Buy Above: 7204 only on 15 minute candle closure Above the level. Target 1: 7300 Target 2: 7460 => # 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. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and 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
Brent Oil buyers need validation from $92.50Brent oil buyers take a breather after posting the biggest daily jump in six months as the overbought RSI (14) line prods the energy bulls below a three-week-old horizontal resistance surrounding $92.50. However, a clear upside break of the 200-SMA and bullish MACD signals suggest further upside of the black gold price. Hence, the quote is likely to cross the immediate hurdle surrounding $92.50, which in turn will allow bulls to challenge the monthly high of around $94.30. In that case, September’s peak of near $96.50 and the $100.00 psychological magnet will be in the spotlight. On the contrary, Brent Oil’s pullback remains elusive beyond the 200-SMA support of $90.80, quickly followed by the $90.00 threshold. Following that, a broad horizontal area comprising multiple levels marked since early September, close to $89.00-50, will challenge the energy sellers. Should the Oil bears manage to conquer the $89.00 support, its fall to the previous weekly low of $85.76 becomes imminent. However, the monthly low of $84.17 and the previous monthly trough surrounding $82.00 will test the south-run afterward. Overall, Brent Oil price stays on the way to refreshing the monthly high unless it breaks the $89.00 support.
VELOCITY:BRENT
by MTradingGlobal
Nifty...Brent Crude... The Fundamentals and the Technical aspect In our previous updates I had mentioned that Brent crude above $90 can be a cause of worry. The current chart set up for Brent crude suggests it can go above $100 The Fundamentals If crude is heading higher, it could add pressure on Indian Imports. At the same time, the recent Quarterly results of our major IT export companies are not encouraging enough to suggest that it would be able to offset the Balance of Trade. As a result it could increase India's trade deficit and if the rise in oil prices is passed on to the consumer then it would impact inflation as well. The Technical aspect Nifty so far is trading above 21 day EMA ( currently around 19684 ) and 63 day EMA ( currently around 19515 ). If Nifty stays below 63 day EMA for 3 consecutive days, we could see Nifty trending lower possibly towards 18820 odd levels . There you go... Current scenario and Important levels have been discussed... Hope it is helpful... Take care & safe trading.. Do Like if you find it useful Follow for more trading ideas...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Brent Crude: Set for 104-108The chart set up suggests support around 85-87 odd levels Minor resistance around 98 and eventual target for the set up could be 104-108 Risk::Reward ratio favors to go Long Take care & sage trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
TVC:UKOILLong
by indiamarketoutlook
9th Oct ’23 - Israel's War changes sentiment - PostMortem NiftyNifty Analysis Recap from yesterday: “For Monday, I wish to continue my neutral stance but keep my options open for bullish moves. The moment 19776 is tested and broken — we can expect further participation to take Nifty much ahead. For the bears to make a comeback — the US markets have to close in DEEP RED today.” Nifty opened mega gap-down due to the shocking developments over the weekend. Israel declared it is in a state of war after Hamas fired rockets and took hostage Israeli citizens - source. No one was expecting this sharp reversal in global macro. In fact, US markets closed last Friday pretty strong. Since I am not a Geo-political expert - I have no comments on what will happen, but the financial markets usually do not like uncertainty. The greatest risk right now is crude oil as the war is in the Middle East. If other countries join this battle - the risk of further escalation cannot be ruled out and the biggest victim could be the developing countries that import OIL. Even though the chart may confuse you, we only fell 0.86% ~ 168pts in the opening 10mts and that was the low for the day. The recovery was sharp and decent and we made it up to the 61.8% retracement level. From there we started falling but gradually. There again the low set in the initial 10mts still untouched. I had to go short today - not just because the chart told me, but because I thought fundamentally the perceived risk could be much higher. Already our markets have outperformed the global peers - and this risk-on should have prompted the FIIs to pull out more money. We might have to wait for a few days for more clarity to emerge, so I thought to take some risks with some long PUT options. The 1hr chart does not show a direction yet. If 19446 was taken out today - it would have shown bearishness - but it is neutral. For true bearishness 19350 or the recent swing low has to be taken out tomorrow. Well, I have a bearish bias because of the LONG PUT option - but the charts are not showing anything so far. If we bounce back from the 19446 level tomorrow also - I may be forced to close out the position at a loss. For tomorrow I would like to go with a 50% neutral and 50% bearish option. Nifty is not technically weak - it is the global macro that is weak. In the battle for technical analysis versus fundamental analysis - fundamental always wins especially when accompanied by strong news-flow.
NSE:NIFTYShort
by viswaram
CrudeOil Important Levels to watch ! CrudeOil important levels to watch are as follows #Support: 6900 Sell below: 6900 only on 15 minute candle closure below the level. Target 1: 6800 Target 2: 6680 #Resistance: 7000 Buy Above: only on 15 minute candle closure Above the level. Target 1: 7065 Target 2: 7180 => # 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. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and 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
USDCAD bears attack resistance-turned-support near 1.3650USDCAD remains pressured for the third consecutive day after reversing from a 6.5-month high marked last week. In doing so, the Loonie pair struggles to justify the recent run-up of the US Dollar, mainly due to the risk-off mood, as Canada’s main export item, namely WTI crude oil, jumps 4.0% on geopolitical fears surrounding the Israel war. Apart from the strength of the Greenback and the WTI, a one-year-old previous resistance line surrounding 1.3650 also challenges the pair sellers. Should the quote break the 1.3650 support, sellers could rush toward the mid-January swing high near 1.3520. However, a convergence of the 200-day SMA and a three-month-old rising support line, close to 1.3460, will be a tough nut to crack for the pair bears. Meanwhile, the 1.3700 threshold guards the immediate upside of the USDCAD pair ahead of the latest swing surrounding 1.3785. Following that, the yearly high marked in March around 1.3865 and the 1.3900 round figure could lure the Loonie pair buyers. It’s worth noting that the previous yearly peak of near 1.3980 and the 1.4000 psychological magnet will challenge the pair’s upside past 1.3900 before giving a free hand to the bulls. Overall, USDCAD remains on the bull’s radar despite the latest retreat from the multi-month high.
by MTradingGlobal