MCX Crude oil can go down for a retracement value of 0.236 in the upcoming days. So, intraday traders can set the following targets to make some money: 4560 - 4500 - 4460 - 4400 But, if brent oil breaks $66.60 upside, then change your position for the following targets: 4800 - 4880+ Refer to the recently published NYMEX Brent Oil Futures article:
Here, I have used MA , RSI , VOL , & DMI to identify the next move of Brent Oil. According to those indicators, it seems bullish ahead. We may see the following targets soon: $68.8 - $69.8 - $71+ But, if brent crude oil breaks the hurdle ( $66.60 ) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 - $62.8 and below
Crude Levels...22/03/2021 (1hr Candle)
The Crude Oil Futures have taken a beating for quite some time now, and it is time for quick recovery. The descending triangle is making a base around very very strong support at 4250. If the price moves sideways or breaks the downtrend, we can keep the SL as on the chart and go for the targets mentioned on the chart. When you trail, always keep your trailing SL...
BIGGER PICTURE OF CRUDE OIL ---- AS PER ELLIOT WAVE Crude oil has been in corrective mode since July 2008. I had 4 hurdles for crude oil to breach itself to go towards its life time peak...By the time I m posting this...its already through with the 3rd hurdle... CASE 1: If crude oil unfolds into motive wave sequence(1-2-3-4-5) and also breaches key level for...
On the verge of breaking the support Sell on break of support with volume & pullback (below 4625 only)
Crude Levels...15/03/2021 (1hr Candle)
Buy crude with sl below 4610 for targe tof 5200 and 5330. Crude has made higher high. Trading abv all EMA. Gap up opening abv resistance is positive Disc : it's not an investment advice to buy or sell
Crude levels ...08/03/2021 (1hr candle)
Crude levels ...04/03/2021 (1hr candle)
MCX:CRUDEOIL1! Line signification white Neutral red Short green Long
Crude levels ...01/03/2021 (1hr candle)
USOIL moving towards Ascending channel support zone in 4 hrs tf expecting to each S3 level and reverse Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Price breaks the trend line strong and trying to break the first resistance to reach the second one which is seen more stronger than its counterpart. As if now things looking good for those who took long position well before, for the new entries wait for the price to break and close above the first resistance for the target of second.