CRUDE OIL or USOIL is in right range between 86.6 and 88.8 Major support is at 86 and 85.3. Any movement above 89 or below 85 would have huge impact on Indian markets
#crudeoil - looking at a good Upmove. PS : Only for learning purpose. Pls observe. CMP : Crudeoil MCX 7k Call at 302.50 INR
below is analysis of crudeoil (BCOUSD) please watch it carefully it looks like bearish in short term for upcoming 3-4 days.
Brent oil completed it's correction last week after RSI divergence, and is now increasing strongly supported by good volumes. Next overbought zone on RSI places Brent around $100 mark.
Brent oil buyers take a breather after posting the biggest daily jump in six months as the overbought RSI (14) line prods the energy bulls below a three-week-old horizontal resistance surrounding $92.50. However, a clear upside break of the 200-SMA and bullish MACD signals suggest further upside of the black gold price. Hence, the quote is likely to cross the...
The chart set up suggests support around 85-87 odd levels Minor resistance around 98 and eventual target for the set up could be 104-108 Risk::Reward ratio favors to go Long Take care & sage trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and...
The great N appears on Brent CRUDE with 100 Dema crosses over 200 dDema. #crude #oil
The 200 MA and the key pivot levels are all aligning. This also looks like an inclined head and shoulder pattern. The level marked on the chart is a very important level and as long as the market is below the level we expect the selling pressure to continue on the commodity.
🟢RSI (14) on the #CRUDE UKOil 4D chart has crossed 50 mark 🟢Crude taken support near the long term support of 70 mark. 🟢It has given buy signal at 74.60 on VSA Momentum indicator. 🟢Can go to 89/99 in up coming months. Medium term. SL-70
Breaking out of crude oil, a role of a villain to play a party pooper for Bhartiya Stock Market.
📈 Exciting Bullish Pattern Alert 📊 Pattern: Base Building 📌 Symbol/Asset: UK OIL 🔍 Description: The target of multiple patterns is pending, stock bounced back from solid support. Future & Options segment stock. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and...
Crude oil is now on his weekly resistance, if it breaks upside its not good for our economy and Indian market will fall here because both are reciprocal to each other but some sector will be good i.e oil sector, paint etc. i feels that some coming days its will break upside. Its just for information
Xbr USD down side movement possible Selling below the 85.81 Stoploss 86.47 Target 84.49
Xbr USD down side movement possible Sell below 82.82 Stoploss 85.41 Target 77.85
Crudeoil looks bearish for short term.going down in wave C
Brent is on way to complete its 0.618 target. Given to book profit @77.5 or hold.wit SL at cost. Now trade is over in Brent. If holding can keep SL of 77. Wait for.next Analysis.
Slowly it is approaching 0.5 level ie 79.5 ROC is above 0 line means it's in up trend 20 Dema is moving above 50 Dema whi h is bullish. It ha broken divergence line and up above it last 2 days ie 40 trading hrs. Which is bullish Over all reentry is suggested with SL 75 which is 3 usd profit before was 3 usd so sl is at cost If fed I crease rate it can come down So...
Brent had moved up to 78.5 and down now to 77.4 . To book profit at 77 was expected. If trade is not closed then booke profit and wait for next analysis. Buy was given at 74 $ Brent target was given @ 82. Since crude is highly dependend on external news precautionary measures is taken. Trade crude on your own risk management.