⛽ Crude Oil MCX April Future Weekly Chart Level 1-5 April, 24 🛢️ CRUDE OIL 20 APR WEEKLY FUT LEVELS by Trading Marcos
🎯 Weekly Range: 200
📉 Buy at: 6846.6 | Average at: 6823.0
🎯 Buy Target 1: 7032.6 | 🎯 Target 2: 7109.0
🛑 Buyer Stop-loss: 6779.93
📉 Sell at: 6799.4
🎯 Sell Target 1: 6785.4 | 🎯 Target 2: 6709.0
🛑 Seller Stop loss: 6866.07
#Crude #CrudeOil #CrudeOption #CrudeFuture #MCX #MCXLevels #OilFuture
Don't forget to reciprocate your love by boosting and following #Trading Marcos
WTI1! trade ideas
Crudeoil | MCX | update Mar 27Crude Oil: Technical & Fundamental Headwinds
📆 Update - Mar 27
🕓 Timeframe: 1 hour
📈Technical Breakdown: A rising wedge pattern on the 1-hour chart has broken, potentially signaling a downtrend. (Your previous analysis is acknowledged!)
Target to be: 6690/ 6660
💲Price Drop: WTI crude futures fell to $81/barrel on Wednesday.
Inventory Surge: US crude inventories unexpectedly surged by 9.337 million barrels, the highest in a year.
Supply Concerns Waning? This inventory build could indicate easing supply concerns.
🆘Geopolitical Uncertainty: However, Ukrainian attacks on Russian refineries and Middle Eastern tensions create market unease.
#CrudeOil Update || MCX || 21st
🌐Timeframe 1 Hour
📅 Date: March 21
📉 Technical Analysis: Crude oil found support at 6724 and rebounded towards resistance levels, indicating resilience despite recent fluctuations.
📊 As per the news, oil prices remained stable despite previous declines, supported by unexpected drops in US oil stocks and concerns over Russian refinery attacks.
#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.
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
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.
#Crudeoil Update | MCX | Mar 12
🛢️ Time Frame: 1 Hour
📉 Status: Bullish
📅 Date: 12.03.2024
🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range.
🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data.
🔸Expected
Traget 1 - 6554
Target 2 - 6584
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.
⛽ Crude Oil MCX Future Weekly Analysis 11-15 FebCRUDE OIL 20 MAR FUT LEVELS
Weekly Range: 244 Points
💰 Buy at 6577.79
🎯 Buy Target 1 - 6609.79
🎯 Buy Target 2 - 6703
📈 Average Position 6549
🛑 Buyer Stoploss - 6496.46
💲 Sell at 6520.21
🎯 Sell Target 1 - 6308.21
🎯 Sell Target 2 - 6215
🛑 Seller Stoploss - 6601.54
#Crudeoil Update Mar 5 | Intraday MCX
🔸Timeframe: 1 hour
🔸Bearish below 6485, bullish above 6515
🔸Anticipating a bounce from 6413 support; sustained bearish momentum may lead to further downside levels.
🔸WTI crude drops to $78.5/barrel for a second day.
🔸Demand concerns outweigh OPEC+ supply cuts' impact.
🔸China's 5% economic growth target and voluntary cuts influence market sentime