The market is overbought at around 76.46, we are expecting a Sell off for about 200 points, This will also mark a weekly correction. The fundamentals are currently supporting this move.
Stock is down almost -9% from it's freak trade all time high 150233 dated 17 Jan. 2024 There is only strong resistance around 145800 All other unnamed green horizontal lines could be work as short term support to bounce back and profit booking from short postions. If Green line broken down decisively then "Support becomes Resistance" theory suppose to be...
CRUDE 4h chart update as expected price have pushed up into the 4h extreme FVG if price give a structure change in 15min we can look for entry in short here.
Symbol : Crudeoil or USoil Time frame 30 min Analysis: Breakout happened on the resistance line with high volume. So we can expect a target of 77/78. HOPE our analysis is adding value to your Trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Symbol : Crudeoil or USoil Time frame 30 min Analysis: Breakout happened on the resistance line with high volume. So we can expect a target of 77/78
Hi. Kindly read my note in chart. Thank You. Crudeoil is Neutral trading at current level, If it will get some crazy volatility then trend may shift to positive or negative. Moreover we should not ignore any side breakout or breakdown. Here is less chance to fake out or shake out. All of mine details are subject to market risk, kindly take some advise on it from...
Price have filled all the FVG in 4H chart and have given signs of continuation of downtrend. Jumping down to 1H chart we have trendline breakdown and re-test on OB+FVG done expecting price to keep pushing down.
Silver appears short term bullish after trapping all buyers.
PANAMA PETROCHEM is in consolidation and RSI is showing a reversal with trend shift. Any move above this green zone will lead to another 52Wk high. ENTER only if you can accumulate for sometime.
I am expecting a Upside rally in Crude Oil in next 2-3 months. The reason is after a big dip now Crude Oil is taking support at a Major support level and forming W pattern.
All factors seem to be falling in place for Indian Economy. And that will likely translate into huge gains for Indian currency, bonds and equities. This update speaks about the signals visible at the beginning of 2024.
CrudeOil important levels to watch are as follows 📍 Support: 6155 📊Sell below: 6155 only on 15 minute candle closure below the level. 📉Target 1: 6100 📉Target 2: 6050 📍 Resistance: 6225 📊 Buy Above: 6225 only on 15 minute candle closure Above the level. 📈Target 1: 6290 📈Target 2: 6355 ⚡⚡ Remember each level will act as a support and resistance...
crude is in buying momentum from yesterday and now as we can see it is taking rejection from the level of 75.00 and now making a range so if the range breaks then the buying level is 75.50 and remember their is a resistance at 76.00 so it's like a scalp trade. plan the trade accordingly with proper risk reward.
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Earlier, we had taken a long trade on crude oil based on trends. Now, a slight pullback is expected. I've marked the levels I'm playing with and my position. 6200 has been rejected many times already, and expecting it to be rejected this time as well. The targets are not much. I'm expecting only 3-4% in profit and -2% loss at max. Manage risk accordingly.
Crude oil has given a very good fall. But has it bottomed out? From the charts, we can see 5700 levels is where crude has formed the nearest bottom. Also, the swing high is 6000. I will go long if 6000 is taken out in the next couple of days. Otherwise, I will not be trading on crude.
Crude is in consolidating phase so as per the 30 min TF if crude is giving breakout and trade above 74.35 on 30 min candle we can plan BUY till 75.00. And if it goes down we have to wait for the 30 min candle close below 73.50 and we can get Target upto 72.80. We can get Trade around 13:30 (IST) Or 15:30 (IST) NOTE- The TF should be 30 min.
CrudeOil important levels to watch are as follows 📍 Support: 6020 📊Sell below: 6020 only on 15 minute candle closure below the level. 📉Target 1: 5970 📉Target 2: 5900 📍 Resistance: 6100 📊 Buy Above: 6100 only on 15 minute candle closure Above the level. 📈Target 1: 6145 📈Target 2: 6200 📈Target 3: 6250 ⚡⚡ Remember each level will act as a support and...