Crude Oil WTI
CRUDE OILCRUDE OIL Looking good to go long at current levels or in dips ( if any ), there is a good and clear assumptions of wave structure along with trendline breakout on daily time frame.
Price again closed above mass psycology cloud, and also above RK's stop line and also price has given close above 20DMA, also trend indicator macd is showing same bias to go long.
On the way up side it can show 8883, and 9978 levels and more, on the way down RK's stop line which is pegged at 7687 would be a major support to watch out for upcoming days.
Overall wave structure of U S OIL - CRUDE OIL international Daily Chart
Overall wave structure of CRUDE OIL MCX Daily Chart
macd on weekly positive
MACD in mcx crude daily chart
Price again closed above mass psycology cloud, and also above RK's stop line
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Crudeoil Levels based 14-4-2022 closingCrudeoil reversal points marked will work until break the upper trendline.
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. If you follow diagonal trendlines you can take entry and exit easily. (note: color code: green lines - bullish, red lines - bearish, black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Crudeoil levels for 12-4-2022Not changed my view in crudeoil today. Still in sell on dip range.
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. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Crudeoil level for 11-4-2022Crudeoil responding the trendlines nicely, try to find near the trendline for buy or sell
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. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Crudeoil level for 7-4-2022There is Bearish head & shoulder already missed entry, may get chance to retrace entry since bullish harmonic pattern triggered yesterday low.
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. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Crudeoil levels for 6-4-2022Possible yesterdays high break and act as strong support. Otherwise sell on rise.
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.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Crudeoil levels for 5-4-2022Crudeoil support and resistance level shared for today, It seems a neutral trend in market.
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.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
CRUDEOIL FUTURES SWING TRADEHello, crudeoil analysis & long-term swing trade buy: 7,740 targets: 8,870/1,0370 stoploss: 7,430.
LOGIC BEHIND TRADE: Crudeoil formed W pattern on 1D chart buying from support bottom buying strategy, (target identified from harmonic xabcd pattern level 1.131) stoploss is taken low of support candle. 1st target is resistance of W pattern 2nd target is taken from xabcd pattern.
Currently Short time sell trend in Crudeoil April 4 2022Crude is on correction mode i feel, once break the trend will fly to new high levels marked 29-3-2022 chart.
Can safely play the game with todays level based on price action as well.
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.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Crudeoil level for 29-3-2022Crudeoil seems short time sell trend in morning session. But I will try to find better buy on dip till the lower trend line safe.
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.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Crudeoil may create new high in forthcoming sessions Inverted head and shoulder pattern found in crudeoil, usually it is a low probability pattern. If it is valid pattern it will create new high in this week.
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.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Reliance IndustriesCurrently trading at 13% discount from all time high levels.
Reliance (TF=W) :
1. Stock has always respected 50 Weekly Exponential Moving Average
2. Constantly making the structure of HH and HL. Currently made Equal Low.
3. Negative Crossover of 5 and 13 Weekly Exponential Moving Average
Reliance (TF=D) :
1. It has made very strong bullish candles on Support with very good volumes
2. Negative Crossover of 5, 13 Days Exponential Moving Average
3. Currently at good levels for Long term investment. For positional trade, need to wait for some retracement to enter.
Additional Points:
1. Mutual Funds have increased holdings from 4.60% to 4.82% in Dec 2021 qtr.
Crudeoil level for 25-3-2022I dont want to take much risk until break the triangle. If break any side will give huge targets.
Note: Try to find a good price action patterns or any candle stick patterns in the zone to take entry with small stoploss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.