#CrudeOil setup || MCX || 8th - 9th Jan
📊 Time Frame : Daily
📉Strategy : LONG
📆 08.01.2024
The crude oil market has exhibited signs of recovery following a recent dip. Several factors suggest that the prevailing conditions could contribute to a potential spike in crude oil prices in the near future, particularly driven by buyer dynamics and broader market conditions.
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WTI1! trade ideas
Crudeoil Mcx-multiple bounce from demand zone range 5800-6000 multiple touches on down trendline from correction 7700 can see bounce back towards 7000-7500 levels in next 3-4 month if 6000 holds on weekly and monthly closing above 6000 levels .low risk high return possible .on bases of down trend channel breakout .
Crude MCX
Price Levels for crude have been mentioned on the chart.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
[MCX] Crudeoil Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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CrudeOil important levels to watch !CrudeOil important levels to watch are as follows
📍 Support: 6155
📊Sell below: 6155 only on 15 minute candle closure below the level.
📉Target 1: 6100
📉Target 2: 6050
📍 Resistance: 6225
📊 Buy Above: 6225 only on 15 minute candle closure Above the level.
📈Target 1: 6290
📈Target 2: 6355
⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Crudeoil || Indian market || Update 30th DecIn the current scenario, consider initiating a long position if and only if a candle sustains above the 6053 level.
On the other hand, for a short position, wait for the level of 5983 to be broken, ensuring that at least one candle maintains its position below this level.
Please confirm if these levels are suitable for you by commenting and liking. 👍
#CRUDEOIL || 28 Dec || Intraday setup
TimeFrame: 45 Mins
The parallel channel in the market suggests a prevailing trend. After a
recent upward movement, there's currently a downside trend of more
than 50 points.
Additionally, the formation of three bottoms indicates a potential reversal
in the direction of the trend after touching parallel support
Give it a thumbs up if you agree and support👍 🚀
CRUDEOIL | Swing TradeDisclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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#CRUDEOIL || 26 Dec || Intraday setup
🔸 Timeframe: 4 hours
🔸 Strategy: Long
Crude oil prices witnessed a decline as they were unable to breach the resistance at 6225, leading to a downside. It's crucial to note that the market dynamics might undergo a shift, especially considering the influence of upcoming manufacturing data from both China and the USA.
🔸 Resistance: 6279
🔸 Support: 6142
Crude Oil View - 22 December 2023Earlier, we had taken a long trade on crude oil based on trends. Now, a slight pullback is expected. I've marked the levels I'm playing with and my position.
6200 has been rejected many times already, and expecting it to be rejected this time as well.
The targets are not much. I'm expecting only 3-4% in profit and -2% loss at max. Manage risk accordingly.
Crude - MCX
This is the image which I shared with you a few days back, It is a very crucial day today and trade carefully. Buy only 6266, if broken decisively.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Crude OIL Swing Trade - DecemberCrude oil has given a very good fall. But has it bottomed out?
From the charts, we can see 5700 levels is where crude has formed the nearest bottom. Also, the swing high is 6000. I will go long if 6000 is taken out in the next couple of days. Otherwise, I will not be trading on crude.
#CRUDEOIL || 22 Dec || Intraday setup 🔸Timeframe: 4 hour
🔸Strategy: Long
In yesterday's session, crude oil prices experienced a decline following inventory data. However, in the 4-hour time frame, a Doji candlestick pattern was observed, indicating market indecision, and subsequently, a reversal towards the upside. For today's session, the resistance is identified at 6225-6228. If this level is breached, there is potential for a 30-point upward movement. The bullish scenario would be invalidated if the price falls below 6204.
If trend is reversal I will share update before it.
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