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USOIL Trading Plan - 17/Nov/2022Hello Traders, Hope you all are doing good!! I expect USOIL to go UP after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
TVC:USOILLong
by For3xScalper
Crude Oil (MCX): Thursday - 27/10/22Levels: Support: 7180, 7120, 7120, 7020 Resistance: 7290-7300, 7360-7400. OI Data (16th Nov Expiry): Highest OI Call in Crude per OI data: 7500 Highest OI Put in Crude per IO data: 6500 Nearest Major Resistance in Crude per OI data: 7300 (1370 OI with 16% addition y'day) Nearest Major Support in Crude per IO data: 7000 (2615 OI with 25% addition y'day) Trade setup: 1. Yesterday there is a very good breakout above 7180 level with high volume.Which is a bullish indication. 2. The next crutial level to watch for is: 7300 (7230-7290 is the zone). If it sustains above it, 7400 is in the card. 3. Anyone wish to play hedge can go with a range-bound non-directional strategy of the following range: A. buy 7500 CE (Nov-16 expiry) B. buy 6600 PE (Nov-16 expiry) C. sell 7400 CE (Nov-16 expiry) D. sell 6500 PE (Nov-16 expiry)
MCX:CRUDEOIL1!
by pradipandsuvra
#crudeoil Important levels MCX:CRUDEOIL1! as we can see on ARC on which levels it resisted. on that level harmonic pattern also was there. now again at ARC resistance with harmonic pattern we might see fall from here but as this #russiavsUkraine war going on if #crude cross current ARC and Harmonic resistance then we might see crude at 10000+/-. ******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
MCX:CRUDEOIL1!
by linesandlevels
Crude Analysis !! #Crude #Commodities Description : Crude at lower levels following support area and a trendline zone as well. At top upper parallel levels of trendline are followed. Now at top and formed a strong red candle which can a be probable top if it gives follow through and breaks 86$ level. Support Area : Break of Support at 86$ downside will lead to immediate support at 76$ followed by 72$ & 65$. If not, Uptrend may continue. Resistance Area : Break of resistance on upside 91-92$ on upside will again resume uptrend.
TVC:UKOIL
by ShelendrAgrawal
Silver Daily Gann Chart Pointing HigherCurrently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1. If that happens, then you can buy for the targets of 63900 - 65100 - 65960 - 68454. What happens if it's fake-out? That's a straightforward scenario on the above chart. MCX silver futures will come under the control of sellers in the downtrend area. It will fall nonstop for the targets of 59960 - 59400 - 58600 - 55765.
MCX:SILVER1!
by forextidings
1
Zinc possible targets 260 to 280The chart structure shows a strong bias toward the upside. Most likely zinc is just starting to show initial signs, yet it's a fairly strong indication of higher side move. As long as it continues to stay above the breakout level, & closes above 238, the probability of higher levels seems fairly strong. At this point of time, targets of 260 to 280 seem be doable. The upside view gets invalidated, if the breakout fails and zinc starts to close and sustain below 232 levels. Unlike stock charts that I typically study, the volumes here are not very helpful in understanding the breakout better. Due diligence advised. This view is purely for study purposes.
MCX:ZINC1!Long
by amar_gr
COFFEE - Wide Awake Hi all, I am here again to give you something valuable:) Observed the coffee future chart which is trading in the multi year resistance zone. This is the fourth time now that it is into that zone and owing to increase in the prices of other commodities it may break the resistance this time. Stocks of FMCG segment will benefit from it. One stock which I see benefitting from it is TATA COFFEE. I will post the chart of it soon, till then do your own due diligence. Happy Learning!
ICEUS:KC1!
by Ankit_Oberoi