US oil has broken its major downtrend line and is managing to test and sustain above the supports , is buy on every dips untill it stays above 70$ levels , keep SL very small at 60$ , any monthly candle closing below 70$ is an exit from trade , RR looking great and potential reward on the upside is very high
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
we can see usoil is going through complex correction, moving in set of 3 waves. creating difficulty for the traders to find a good RR trade. since it have bounced back from new low last night its its expected to move to 71$ and make a fall again. good place to sell would be around the given area of interest.
WTI has broken parallel channel and this may be painful. hope it may takes support at line mentioned
SELL TVC:USOIL @ 77.6 SL 77.92 Target 76.6 - 75.6 Just for Education.
MCX:CRUDEOIL1! short crude till 6500 zone, beyond that 6000 level ready .
Hello Friends, here we had shared possible Elliott wave counts of USOIL CRUDEOIL chart on hourly time frame, which is suggesting we are currently in impulse wave of some degree, in which we had completed (i)-(ii)-(iii)-(iv) and now possibly we are unfolding wave (v) of bigger degree wave 1, in this scenario we had seen that wave (iii) has been extended and clearly...
MCX:CRUDEOIL1! CRUDEOIL target levels , important support will be the blue zone, can blast if breaks and sustains above 6739 level.
Attached: Crude Oil Daily Live Market Chart On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day. Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd. And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66...
Crude oil analysis . Symbol :Crude oil or USOIL Time frame: 15 minutes Analysis: There is a gap up in crude oil and from last 10 days, the price is in a consolidation.So, if the price crosses above 81,then we can expect a target up to 84 with MacD crossing above zero . If the price crosses below 79.3 then we can expect a target up to 76.3 with MACD crossing...
crude eys on 79$ mcx 6500 stya blw dwn side 6430--- yes chart pattern will active there if hold av 79 or 6500 thna once mkt again dedcat bounce-- dontmiss chart pattern in live hrssss stya connect or may know for chart pattern
Hello Friends, here we had shared possible Elliot wave counts with our view on US OIL - CRUDE OIL, in which we are waiting for further confirmation to confirm the TREND as per Elliot wave structure, we are possibly at the ending of wave ((2)) corrections or may have started wave ((3)), let's wait to confirm by chart itself, so possibilities of wave counts have...
MCX:CRUDEOIL1! crude can give massive breakout it breaks 6793 level which weekly strong resistance since november 2022, if crude manages to break abd sutain above first hurdle of 6649, then we can expect it to hit 6738/6793 level quickly and above that the mega movement will soon follow.
crude keep tight sl 6812 or sell blw 6700 any rise soon 6500--6300-6200 ye sell on rise with sl
Analysis of crude oil. Time frame 4 hours As per the last video published, the crude oil rallied up to the breakout point/support line, so now this is the crucial point,why ? If the price of the crude oil crosses this breakout line with high buyer volume, then we can expect a target of up to 83.5 or else at this point, if the price/value gets rejected with high...
crude stya abv 6150 buy on dipsss sl 6102 tgt 6190-6270 looks dedcta bounce abv 75$ looks zoommmmmm
Cup & Handle Formation going on in Crudeoil chart Looking tgt 6200-6300++ Very soon👍 Keeping on radar crude 6200 CE april..