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Crude Oil WTI

crude oil new update (previously even after the breakout we avoided to o=go long) the recent pullback is the reaction of higher time frame inducement where price made a imbalance and didnt retest the resistance zone so there 7195 - 7065 will act as short term support and it is also a fair value area from higher time frame either price will retest this zone and then head towards 8000-8300 level price tried to retest the zone twice but couldnt mitigated the area still the area hold major buying interest because it has created a liqudity of new fresh long stop losses underneath THIS IS JUST ANALYSIS, YET NO CLEAR PICTURE TO INITATE A TRADE
MCX:CRUDEOIL1!
by Jimmy_Rebello
Crude Oil Analysis Decoded, A Learning JourneyHello Friends Here we had shared Educational purpose case study of US Oil (Crude Oil) Technical Analysis, A Low-Risk, High-Reward Opportunity. Welcome to this educational analysis of US Crude Oil (commonly known as Crude Oil). Today, we're exploring an intriguing opportunity in the world of technical analysis. In the realm of wave analysis, we've identified an exciting prospect in the Crude Oil market. Let's break it down: We've recently completed "wave 4," a significant corrective wave. Now, it appears we're at the beginning of "wave 5," the final leg of the sequence. The Potential So, what's the potential here? Blue wave 5 has the characteristics of being an impulse wave, known for its strong and sustained price movement. In this case, we anticipate it could surpass the top of wave 3, which was at $94.99. Risk-Reward Analysis Now, let's talk about risk and reward. Here's where it gets interesting: Risk We've set an invalidation level at $87, which means if the price drops below this point, it suggests our analysis might not be on track. Reward If wave 5 plays out as expected, it has the potential to lead to significant price gains. Characteristics of Wave 5 What makes wave 5 special? It's typically marked by strong momentum, often accompanied by increased trading volumes. Traders often find this phase exhilarating, as it can lead to substantial profits. Risk-Reward Ratios When considering this opportunity, the risk-reward ratio is a critical factor. The risk, as mentioned, is if the price falls below $87, which is our invalidation point. The reward potential is significant, with the possibility of surpassing $94.99, presenting an attractive risk-reward profile. Conclusion In conclusion, we've identified a low-risk, high-reward opportunity in the Crude Oil market, characterized by the unfolding wave 5. Remember, this analysis is for educational purposes only and should not be considered financial advice. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:USOILLong
by RK_Chaarts
3
CrudeOil Important Levels to watch !CrudeOil important levels to watch are as follows #Support: 7460 Sell below: 7460 only on 15 minute candle closure below the level. Target 1: 7420 Target 2: 7360 #Resistance: 7570 Buy Above: 7522 for scalping and buy above 7570 for directional trade only on 15 minute candle closure Above the level. Target 1: 7650 Target 2: 7760 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
MCX:CRUDEOIL1!
by InvestyourAsset
CrudeOil important levels to watch ! CrudeOil important levels to watch are as follows #Support: 7460 Sell below: 7460 only on 15 minute candle closure below the level. Target 1: 7400 Target 2: 7315 #Resistance: 7560 Buy Above: 7560 only on 15 minute candle closure Above the level. Target 1: 7645 Target 2: 7740 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
MCX:CRUDEOIL1!
by InvestyourAsset
CrudeOil Important Levels to watch !CrudeOil important levels to watch are as follows #Support: 7501 Sell below: 7500 only on 15 minute candle closure below the level. Target 1: 7460 Target 2: 7410 #Resistance: 7540 Buy Above: 7540 only on 15 minute candle closure Above the level. Target 1: 7570 Target 2: 7610-7630 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
crude oil avoid fomoYOU WILL GET CHANCE TO GO LONG ON OIL AT 6900 LEVEL AVOID FOMO AT CURRENT LEVEL hello everyone, price at cmp = 7000 - 7300 has multiple resistance from previous trend and with current trend price has left some imblanace zone and fair value area which is likely to be retested soon within current zone there will be trap on both side as big institute and banks will be creating liqudity pools getting in their way = wiping your account there are some other pair tradable still keep track on this idea & level 6910 and 6885, 6690 and 6750
MCX:CRUDEOIL1!
by Jimmy_Rebello
CrudeOil Important Levels to watch !! CrudeOil important levels to watch are as follows #Support: 7190 Sell below: 7190 only on 15 minute candle closure below the level. Target 1: 7100 Target 2: 6970 #Resistance: 7300 Buy Above: 7300 only on 15 minute candle closure Above the level. Target 1: 7370 Target 2: 7480 #Demand Zone: 7060-7090 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
Fuel Your Wealth with CrudeOil !! CrudeOil important levels to watch are as follows #Support: 7050-7055 Sell below: 7050 only on 15 minute candle closure below the level. Target 1: 7000 Target 2: 6950 #Resistance: 7080 Buy Above: 7080 only on 15 minute candle closure Above the level. Target 1: 7125 Target 2: 7190 #Demand Zone: 6960-6990 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
Fuel your Wealth with crude oil !! Crudeoil important levels to watch are as follows. Currently, CrudeOil is moving in a parallel channel since 23rd August. Meanwhile current important levels are as follows. #Support: 6750 Sell below: 6750 only on 15 minute candle closure below the level, next immediate support can be expected at day Low which is marked in dashed line. Target 1: 6690 Target 2: 6640-6420 #Resistance: 6771 Buy Above: 6771 only on 15 minute candle closure Above the level. Target 1: 6820 Target 2: 6875-6890 #Demand Zone: 6600-6630 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stop-loss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
CrudeOil Important Levels to watch !!Crudeoil important levels to watch are as follows #Support: 6420 Sell below:6420 only on 15 minute candle closure below the level. Target 1: 6350 Target 2: 6240 #Resistance: 6560 Buy Above: 6560 only on 15 minute candle closure Above the level. Target 1: 6630 Target 2: 6760 #Demand Zone: 6450-6420 act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 6680 - 6630 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
Possible short in crude oilCrude oil is forming a slightly inclined head and shoulder pattern but it is still a clear pattern. The target is quite low as measured from the pattern. There is a small support before the target and that is the place where we can get some halt which is around 6334. But apart from that the target aligns nicely with a support level from where we can expect a good bounce. 6550 could be a great entry if it arrives, though the current levels are not too bad either to take a staggered entry using the mini lots.
MCX:CRUDEOIL1!Short
by anshuman_05
crude oil (mcx) new udateprice got rejected from dotted ascending trend line previously we have decide to go long on crude as there was good setup as per smc but price didnt came to our buying limits and a sudden gap down creates a panic and price got sold out now price has breached first higher time frame demand and halting at non mitigated level which is another higher time frame demand follow the price structure by lower high and lower lows 6460 and rd fig 6400 is a support last defence line for buyer will be 6300
MCX:CRUDEOIL1!
by Jimmy_Rebello
Crudeoil important levels to watch ! Crudeoil important levels to watch are as follows #Support: 6600 Sell below: 6600 only on 15 minute candle closure below the level. Target 1: 6550 Target 2: 6490 #Resistance: 6675 Buy Above: 6675 only on 15 minute candle closure Above the level. Target 1: 6730 Target 2: 6790-6810 #Demand Zone: 6600-6630may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 6815-1790 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
2
CRUDE OIL FUTURES (MCX) we have seen good volatility in crude in last two week as price was trending both sides again there is CHOC in the 1h chart as price made the correction and came back towards the higher time frame demand i am expecting a pullback or a retest towards the reversal of medium time frame which is 6600 with sl 6500 below the higher time frame demand zone ( or you can sl as per your trading style, and risk management) the target will be same highs but there will be pullbacks from the lower high made when price was declining it is wise to use TSL if you are going for bigger trade and positional one or else the trade im looking for has risk to rewards of 1.3 dont buy directly if the price reached the mtf demand zone wait for the price to make some bullish candle stick pattern or form minor higher high and higher low ill update when the trade activates
MCX:CRUDEOIL1!Long
by Jimmy_Rebello
2
CrudeOil Important levels to watch!Crudeoil important levels to watch are as follows #Support: 6600 Sell below: 6600 only on 15 minute candle closure below the level. Target 1: 6570 Target 2: 6520 #Resistance: 6675 Buy Above: 6675 only on 15 minute candle closure Above the level. Target 1: 6740 Target 2: 6860 #Demand Zone: 6600-6620 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 6740-6770 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
2