CLX2025 trade ideas
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.
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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.
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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.
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
How to trade ICT Concepts in Indian Markets.This is a demonstration of making executions on the MCX on CrudeOil Mini Futures that are INR denominated derivative contracts of the WTI Futures contracts that are traded on the NYMEX.
Any trader in India who wants to trade the ICT concepts on international markets without setting up a foreign brokerage account can try to do so using the Commodities futures traded on the MCX. The price fluctuation of the USDINR leaves you a little bit exposed to some moves. However, most of the time, you can see a near perfect correlated move in both WTI and MCX:CRUDEOILM1!
This is a demonstration using Paper Trading on TradingView.com. Please don't try to randomly trade any strategy using actual money.
Remember you only risk what you can afford to lose in a responsible manner. It's all on you. You can't come after me if you try this with live funds and lose money. This is something to test.
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.
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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