Crude (UK Oil)#Brent #UKOIL #Crude
Max to max again 86$ seen possible but If unable to sustain above 86$ then?
1: Interest rate hikes & Tappering in Bond buying will increase Dollar Values against every currency.
2: If unlimited given support by Central Bankers will not perform well then demand will reduce & supply will increase.
Crude Oil WTI
⛽ Crude OIL Traget MCX MCX:CRUDEOIL1!
Here We Are Using Harmonic For Target, it's A Unique Way To Use Harmonic, Long Above previous candle high stop loss already given on the chart. Trade as per your trade setup. As we are just adding quantity, our holdings from very low levels.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Crude 3 possibilities 1 ResultIn my view cycle from Mar20 Low is completed with wave I red and now we are into formation of corrective cycle in 5-3-5 pattern ((A)) -((B))-((C)) black. Out of which ((B)) black is either completed as shown in BROWN path or can complete after one more leg up as shown in BLUE path or BLACK path.
In either case we are expecting one more 5 wave down to ((C)) black once ((B)) black connector is done. Once 4706 level low made on 02DEc is broken that will confirm connector is made and based on that we will be able to identify the entry level for our Long position. and we will be entering Crude in Blue color area marked for at least a bounce or a reversal of trend.
Unlocking The Next Targets of MCX Gold, Crude oil, & AluminiumGold Price Slowly Going Upside
Key levels: 48113 - 47616
MCX gold has been moving under the range of 48113 - 47616. It's a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 - 48490 - 48600 - 48700.
And if it breakdown the 0.5 retracement level, then we may see 47496 - 47300 - 47160.
Kindly note, 47616 is strong support.
***Beware, Crude Oil Bulls - That’s the Beginning of the End***
Barrier: 6290 level
Crude oil may keep running upward for the levels of 62360 - 6500+. To maintain an uptrend, it has to crossover the hurdle level of 6290 by closing above.
And if it breaks the level of 6060, then wait for my update.
***Aluminium Is Going To Test Critical Technical Support Levels***
MCX Aluminium is coming back to the strong support of 226.6. Be ready to jump on it.
USOIL/ CRUDE OILPrice rejected from Daily Demand zone, which shows that price turning into bullish in daily charts, however in H4 we have potential resistance in the form of Breaker block and supply zone... price currently rejected from H4 Supply zone, if we have LTF BOS at least in M15 we can go with shorting...
Are these red candles a trap in Crude Oil?We are bullish on crude oil for short term (one can say till expiry 17 dec)
Risky traders can take long position in trade with a strict stop loss of 4620 for a target of 5450.
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We are still trading in the range between 4600 and 5500.
Any lower or upper breakdown will decide its direction again.
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Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Follow the rules, be patient and stock market will definitely reward you...
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Take care & safe trading...!!!
Regards
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Crude - look for opportunities to go long againAfter the y'day upside move in final few hours and earlier today, crude has retraced to .618 levels of previous rise.
this should be a good area of value for fresh longs with stops below .786 fib.
In another alternate scenario, the retrace can get deep to .786 fib and bounce from there.
Entry should be based on a bullish candlestick setup in minimum 15 min tf.