crude nxt eys on 71.55 or mcx 5955 sustain abv up sidecrude nxt eys on 71.55 or mcx 5955 sustain abv up side only till 6000-6060+++ its views onlyyyy
WBS1! trade ideas
sell crude sl hit close call-solfd from 5820-40sell crude sl hit close call- sold gvn 5820-40 as interday bear candel expect
sell crude 5820--40 sl 5859 strict tgt 5766-5730sell crude 5820--40 sl 5859 strict tgt 5766-5730 yes should take chance making bear candel small sl only or let seee
crude rockedd hit 5550 sold form 5700 now more blwcrude rockedd hit 5550 sold form 5700 now more sell lvl only sustain blw 5530 thna sell on rise possible with5686 tgt 5420-5380+++ yes musts sustain blw 5530 or cme 66.80 than u will see dwn fall 65$
crude sell 5700 blw sl 5760 tgt 5610 crude sell 5700 blw sl 5760 tgt 5610 looks blw 68.60$ sell of till 66.20 and bear candel showing good move yes small sl but over all dwnnnn
Going short with Crude oil Mini.Supply increased in MCX:CRUDEOILMJ2023 . Going short at 5777, my stop loss for short at 5902.
crude abv 5855 buy on dips sl 5777 tgt 6020++ expectcrude abv 5855 buy on dips sl 5777 tgt 6020++ expect
CRUDE Oil price 😍 news world economicThe crude oli price in the near 70$/Barrel is the good news for the indian economic but this price drope is passes to the people, We are waiting for fuel price cut
Going long with Crude Oil MiniFuture contract of MCX:CRUDEOILMJ2023 looks bullish as of now, going long at the current market price of 5817, my stop loss is at 5782 and target at 5902.
MCX Crude future analysisLet's do a multi time frame analysis of Crude chart.
On monthly time frame Crude seems to be running in a parallel channel, except that it has given two outliers outside it. It first broke down the channel during Covid to make a new low and then during Ukraine Russia crisis it broke out of the channel to make a new high.
On weekly time frame, crude made a double top with rising wedge formation and broke down and since then it is in downtrend where every rise has been sold off and finally it entered back in the same channel during August'22 and since then it has been facing resistance at the top of the channel. Current chart formation indicate that it is making a inverted flag & pole kind of formation and has given a breakdown of the lower trendline with double top formation.
On daily time frame, pattern indicates that it recently made a triple top at the previous resistance / breakdown level of 6780, with immediate support placed around 6000/5800, and if it starts sustaining below it - there is possibility that crude may melt more.
On 4 hour time frame, it is making a rounding top and breakdown of the same can take crude to around 5200 levels, pattern target - which is also near about bottom of the channel support placed on monthly time frame.
My view on crudeoilCrudeoil trying to make 2nd shoulder so that it may give inverse H&S breakout.
Let see my view only...
Crude above 5750 looking good
Keeping on radar Crudeoil 5800 CE
Crude oil Futures at support Crude oil Futures at support
Currently at support levels of the downward moving triangle. Expecting some short upmove in near term of 6480.
No recommendations, just my view based on charts.
Crude Oil (MCX): Monday - 20/02/23Levels:
Support: 5500, 5450, 5350
Resistance: 5500-5575, 5625, 5700, 5750
OI Data (17th April Expiry):
Nearest Major Resistance per OI data: 5700
Nearest Major Support per IO data: 5500
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 5600 | 5560 | 5650 | 5700
-----------------------------------------
SELL | < 5500 | 5550 | 5450 | 5400
+++++++++++++++++++++++++++++++++++++++++
crude dayrepublishing herewith curde weekly idea in day time frame
breakout of a channel, support of monthly line
crudeoil crudeoil at this week low if it breaks down and retest at this week low after a break down then we may see a fast move towards downside where we may have a scalping
opportunity
Crude Oil buy CMP 5470 Target 5500- 5539- 5565- 5595- 5625- 5Crude Oil buy CMP 5470
Target 5500- 5539- 5565- 5595- 5625- 5650+
Price of crude oil has recently broken downwards Crude oil has been experiencing a significant period of sideways trading, with the price movement being relatively flat. However, the recent downward breakout in crude oil prices has caught the attention of market analysts and traders.
The downward trend in crude oil prices may indicate a short-term bearish sentiment in the market, as supply outweighs demand. This may be attributed to several factors, including a slowdown in global economic growth, the emergence of renewable energy sources, and geopolitical tensions that impact oil-producing nations.
It's worth noting that crude oil prices are highly volatile and can fluctuate rapidly in response to changing market conditions. Therefore, it's important to exercise caution when making investment decisions in the crude oil market.
To stay up-to-date with the latest news and trends in the crude oil market, it's advisable to follow reputable sources such as industry publications and financial news outlets. Additionally, it may be helpful to consult with a financial advisor before making any investment decisions in the crude oil market.
#crudeoil #crudeoilprice #breakout #downtrend #techenicalanalysis #priceaction trading
crude 5445 hit told blw 5800 sell on rise more update blw herecrude 5445 hit told blw 5800 sell on rise more update blw here-- weekly chart showing trend line breakout if close blw 5800 this week may be touch soon 4700-4600++ yes sell on rise must yes its unbeliever but trend or chart supreme as per my analysis may be i wrong but its my view
did u see crude melt down low made 5570 enjoyeddd sell gvn 5980 did u see crude melt down low made 5570 enjoyeddd sell gvn 5980 or 5800 blw still looks more dwn fall any rise sell onlyy gvn as trend line base dont stuck wrong side
