light crude month and beyondlight crude levels for current month
and beyond
if found interesting pl give yr feedback
WBS1! trade ideas
Light Crude Oil 4 Hr, 30.01.2023Presenting my idea of light crude oil for day
price opens somewhere mid of weekly channel
so, there is very possibility of decisive direction
looking "-ve "
but follow the lines,
RSI based Crude Oil StrategyRSI Based Strategy on commodity.
We can use RSI in two timeframe to identify Bullish and bearish sentiments.
5 & 15 Mins timeframe is best for intraday Trading.
Add two set of chart of RSI and make upper rsi band at 60 and lower rsi band at 40.
In 15 min timeframe, if upper band value greater than 60.it means we have to find out buy trade. And RSI lower band is less than 40, we have to find out sell trade.
Crudeoil reversal zones 27-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
crude looking good for a short rally1. a breakout on indicator
2. near to breakout on price
3. volatility contracting
good to go long for a short term
Crude Oil looks Extremely BullishCrude is bouncing from a very good Demand Zone in WEEK Time Frame and is near to the neckline of Inverted H&S in DAY Time Frame.
Buy when Breakout above Neckline
Buy above 6750
Tgt 7250 - 7600
SL 6500
Disclaimer: These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor before investing.
CRUDEOIL Buy with the cmp of 6675 sl of 6650 tgt would be 6775
because previous candle has closed above 6658 as a level and
closing above trend line 6631
Crudeoil reversal zones - 231-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
ROUNDING BOTTOM AT CRUDE OIL PRICEAccording to crudeoil price rounding bottom pattern started on june 2022 and it has touched bottom on dec'22 and it may come back to previous high on june'23
CRUDE OIL EXPECTED TO BREAK OUT Excepting to break out the tread line and the 6700 resistance
Breakout Level 6700 Sl 6350
Crude Oil Price action for Jan and Feb Contracts I daily make educational content videos on markets.
This idea is on crude oil with price action explained inside on multi-time frames - Daily and Weekly TF
Crude Oil - Lets Wait for a DirectionCrude Oil. Bearish Case :-
Narrow Weekly Bar. Weekly MA Resistance. Daily RSI Resistance Zone. Weekly TL Resistance
Bullish Case :
COT reports JUST Started turning Bullish. Bullish Daily and Weekly Momentum.
So overall scenario is still confusing.
Ideal case will be to attempt ONE more Leg down and then UP. But, that is not a necessity. So waiting for a concrete resolution of direction.
Daily Close above 81.25 may be helpful for bullish case
crude oilCrude weekly bottom with deep crab then upside 2.41% level
now completed reciprocal ab=cd with previous support area
in 4 hour try to forming head and shoulder pattern
Buy suggested above the closing of 6760 for the target of 7663-8556-9399-10005
holding trade.
Tringle Pattern crude in a Tringle pattern let see whether it break it or retrace from the resistance
SL for selling 6790
Crudeoil Reversal zones 18-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
Crude looking downside Crude may be weak in comming months
Down side will touch 70 and as continue trend we will see weekly support 65
Crudeoil reversal zones 10-10-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
Crudeoil -1hr . Fall zone coming daysExpecting to touch 6250 and reversal happen to 6k.. only for analysis basis Try it on your own Risk..
CRUDE OILInverted H & S in making in Crude Oil on daily Chart
Buy when Breakout above Neckline and it become support.
IHS Trade:-
Buy above 6750
Tgt 7553 - 7656
SL 6600
Major Support at 6020 (LT & RT Shoulder)
Support & Resistance based Trade:-
Buy at 6020
Tgt 6600 - 6750
SL 5820
These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor before investing.
Crudeoil reversal zones 9-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
