Crude levels ...10/05/2021 (1hr candle)
Double Top - Bearish candles expected in the upcoming days if the demands are lowered. After the double bottom the market has showed a steady up trend rally. Same way now Double top has been formed. This has happen before and again its showing a strong double top , Hence down trend rally is possible if the demands are lowered. Given is my personal analysis.
Execute Long only when the RSI breaks the trendline .Wait until the 15 min candle close to avoid false signals. Stop loss can be the low of the previous candle . Disclaimer: This is for educational purpose. Please do your own analysis.
Crude Oil Cup & Handle Setup in Daily Chart. Ready to Brackout. ( Only for Educational Pattern)
0- if crude start trading above 4865 and sustains this level up-- it will hit **5181-- 5600** soon 1- According to major S&R Near Resistance for crude will be test 4963 level on weekly basis, till here one should go long. 2- If want to try short - short around this level- 4960-65 sl 4988** points target 4780, 4700 again there is support, We support and guide...
Crude levels ...05/05/2021 (1hr candle)
Trendline Broken at 64.5 and we can see bearish movement till 63. on Monday we can expect Market to retrace till 63.6 to 63.8 levels based on trendline and then we can expect downward movement only if Trendline is not broken.
Crude Oil Call 30/04/21 Buy @ 4716 Target 4728,4752,4773
Date : 29 April 2021 Crude Oil (CMP: 4,818) Cup and Handle Pattern Formation. Target and Stop Loss given in the chart
Sell WTI Crude At Cmp 65.14 Strict SL - 65.4 Target - 61.5-62
After a lot of choppy sessions & an upside move , crude struggled the level of 64.5 $ & bears took control over there. As per the current structure we can anticipate a zig-zag correction having wave B completed at the level of 64.4 $ . We expect a downside movement to break the level of 57$ at least. The key level should be watched 64.5 as the SL,
LEVELS are marked in the chart , These are the strong support and resistance in the upcoming market. Double bottom in 30 mins timeframe And as per the chart pattern the market has moved up. Now it has hit the strong resistance at 4691, and its time for a reversal which is a down rally. We also need to check the inventory release for tmrw and involve in...
oil taking support in zone 57 58 continuous , heavy fall only after close below his , while 5 week rejection suggest a push move at higher areas
Buy near 58$. with sl of 57.55 for target of 62 $
Crude levels ...23/04/2021 1hr candle)
Sell Crude Below 4553 SL - 4636 Target - 4330-4350