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Crude Oil Future

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CLX2025 trade ideas

#Crudeoil update || 15 Mar 📆Date: 15 Mar 🕓TimeFrame: 4 hour Technically: 🔸Crude oil forms a rising channel after reaching resistance at 6767, beyond a bearish overbought condition. It now trends downward on the 4-hour timeframe. Target 1: 6578 Target 2 : 6500 As per the news: 🔸Energy agencies anticipate Q2 oil supply shortfall due to extended OPEC+ cuts. 🔸IEA optimistic on global demand, EIA raises US production forecasts. 🔸Permian Basin shale crucial; US output expected to hit record levels, per Commerzbank.
MCX:CRUDEOIL1!Short
by Shalvisharma5
Crude Oil Analysis: Potential Rally Ahead Towards 6800Hey Traders,I'm keeping a close eye on crude oil as it appears to be gearing up for an interesting move. Currently, it seems like crude oil is heading towards the $6800 mark.The key level to watch out for is the Chanmep level. If we see a breakout above this level, it could signal the start of a significant rally.Keep a watchful eye on the charts and let's see how this plays out!Disclaimer: This is just my personal analysis and not financial advice. Always do your own research before making any trading decisions
MCX:CRUDEOIL1!Long
by CyborgTradingHub
Crude Oil : Buy here Inverse Head & Shoulder pattern is BreakingCrude oil is very bullish, Buy here @6660 with Sl 6400 tgt 7450 Inverse Head & Shoulder pattern is Breaking Out Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
MCX:CRUDEOIL1!Long
by maneeshaggarwal
Crudeoil Update || MCX - 11 Mar Timeframe: 1 Hour Strategy: Short 🔸WTI crude prices dropped to around $77 per barrel on Monday for the third consecutive session. 🔸Investor caution prevailed ahead of crucial US inflation data and monthly reports from OPEC and the IEA. 🔸Last week, WTI prices fell by 2.45% due to uncertainties in demand despite extended supply cuts by OPEC+. 🔸China's oil imports also declined by approximately 5.7%, reaching 10.8 million barrels per day in the first two months of the year. 🔸Oil-producing countries like Saudi Arabia and Russia, announced an extension of production cuts through the end of the second quarter.
MCX:CRUDEOIL1!Short
by Shalvisharma5
Crude Oil MCX Future Weekly Analysis 4-8 March, 2024📊 CRUDE OIL 20 MAR FUT LEVELS Analysis 🎯 Weekly Range: 393 ➡️ Buy: 6543.87, Avg Pos: 6497.5 🎯 Buy T1: 6880.87, Buy T2: 7031 ❌ Buyer SL: 6412.87 💰 Sell: 6451.13 🎯 Sell T1: 6395.13, Sell T2: 6245 ❌ Seller SL: 6582.13 Analysis: The CRUDE OIL 20 MAR FUT shows a weekly range of 393. A buy entry is suggested at 6543.87 with average position at 6497.5. Buy targets are set at 6880.87 and 7031, with a stop loss at 6412.87. Conversely, a sell entry can be considered at 6451.13, aiming for targets at 6395.13 and 6245, with a stop loss at 6582.13. Traders should exercise caution and perform thorough analysis before initiating any positions. #CrudeOil #Commodities #Energy #OilPrices #TradingOil #MCX #OilAnalysis #OilMarket #OPEC
MCX:CRUDEOIL1!
by NumroTrader
CRUDECrude oil bullish on weekly chart. Took support on 200 EMA on weekly chart (White Line). W pattern in making. Demand Zone is marked as Green shaded horizontal area. Double Bottom is marked with 2 Stars which makes Demand Zone stronger. Resistances are marked as red horizontal lines (For Long Term). Stoploss is marked as orange horizontal line (For Long Term). Breakout trade above Skyblue Horizontal line with its Stoploss at Pink Horizontal line. Price already bounced from Demand Zones. Rest all levels are marked on the chart. Breakout trade:- Buy above 6555 Stoploss 6300 Targets 7770 - 8800 - 9600 Support Based Trade:- Buy 5700 Stoploss 5210 Long Term Tgts 6555 - 7770 - 8800 - 9600 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
MCX:CRUDEOIL1!Long
by MasterTrader1949X
Crudeoil | MCX | Feb 29Timeframe: 1 Hour Strategy: Bearish Oil Price Decline: Oil prices extended losses due to a larger-than-expected increase in U.S. crude stockpiles, heightening concerns about sluggish demand. Stockpile Build: U.S. crude inventories rose for the fifth consecutive week, increasing by 4.2 million barrels, surpassing analysts' expectations. Elevated Interest Rates: Worries about a slow economy and reduced oil demand in the U.S. were exacerbated by the anticipation of delayed U.S. rate cuts, contributing to market pressure. Market Sentiment: Large stockpiles fueled investor worries about economic slowdown, while the outlook for delayed interest rate cuts and high borrowing costs added to negative sentiment. Upcoming Economic Data: Traders awaited the U.S. personal consumption expenditures price index for more trading cues, expecting insight into inflation trends and potential impacts on the market. Geopolitical Tensions: Ongoing conflicts in the Middle East, particularly concerns related to Jerusalem, were noted as factors likely to keep a floor under oil prices amid global uncertainties.
MCX:CRUDEOIL1!Short
by Shalvisharma5
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