Crude oil Long Buy at CMP- 6115 SL- 6071 Target- 6183, 6231, 6311 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Sell Crude Around 6140 Target below 6000 Stop loss 6210
After a long rally and a series of higher highs & higher lows we are seeing Head & Shoulder pattern at the top of chart in CRUDE suggesting some correction in prices. MACD has also shown divergence, untill the price stays below neckline of the pattern we can see more decline in prices of Crude till 5900 to 5700. Break of the neckline and right shoulder will...
At present Crude Oil on MCX is trading around 6210 with a day low of ₹ 6197 and made a high of ₹ 6244. Crude oil remained under pressure this week globally. If we talk on technical side, Crude Oil was running in a fixed channel since Septmber 2021, but on October 27th 2021, it closed below support line and yesterday on 28th Oct, it opened at 6180 with a gap...
Today Sell Signal generated at MCX Crude Oil in the range 6360-6380. Long position holders check your positions.
Crude Oil is running in channel since septmber, we many time initiated purchases near support lines but avoided short selling as Crude is in Bull cycle. We suggested you to buy near 6200 on 22nd Oct for a target of Rs 6500 which you may see tomorrow. In a few days crude may give another signal either for long or short position. We may soon see a trend reversal...
Crude oil is running in a channel. Crude oil is moving in a fixed channel. If you get a chance to buy near support line go for long in crude oil, as mentioned in earlier blogs we are bullish on crude oil untill it achieves a target of ₹ 6500. Do follow our stop loss stretagy.
* 1.272 ABCD * 1.414 ABCD * 1.414 XABCD * hammer candle on daily * Divergence on 4 HR * double top in formation * higher oil inventories * RSI overbought on daily * 83$ strong support became resistance from 2012
#Crudeoil Oct Short Sell at CMP- 6090 SL- 6124 Target- 6005, 5970, 5925 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
View for crude Can buy 6100ce looks good for tomorrow can reach 6200+ in future Risk reward is more than 1:1.5
TVC:UKOIL crude oil chart has shown major breakout on monthly chart which represent long term bullishness in crude oil.
Now Its Time to Sell Crude Oil at 6100 Target 5970 and 5845
TECHNICAL ANALYSIS In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December. Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021. Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in...
Crudeoil is on a strong uptrend. Good buy on a dip on daily charts. COT Data still strong. Comments on chart
This is my view of CRUDEOIL. This is not investment advice.
MX: CRUDEOIL1! crude oil break resistance and take retest support go for long
Natural gas range is default range is elevated to 3$, hence we can expect the same 3$ level from the current levels, patience is the key. Take calculated risk after deep analysis. as the liquidity is low at higher levels repeated Sl hunting will happen.Trade with cautious