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WTI1! trade ideas

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
MCX:CRUDEOIL1!Long
by Jimmy_Rebello
2
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: 6570 Target 2: 6520 #Resistance: 6675 Buy Above: 6675 only on 15 minute candle closure Above the level. Target 1: 6740 Target 2: 6860 #Demand Zone: 6600-6620 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 6740-6770 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. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
2
Crudeoil Important levels to watch. Crudeoil important levels to watch are as follows #Support: 6810 Sell below: 6810 only on 15 minute candle closure below the level. Target 1: 6740 Target 2: 6670 #Resistance: 6890 Buy Above: only on 15 minute candle closure Above the level. Target 1: 6950 Target 2: 7030 #Demand Zone: 6810-6820 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 6870-6890 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. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
Crude oil formed double bottom breakout at 6830 tgt 7460 -7690Crude oil seems to have formed double bottom and is trading above neckline 1. RSI daily and weekly above 60 2. Breakout point at 6830 3. Rounded bottom on daily chart Buy on Dips for a TGT of 7460 - 7690 SL can be either below 6830 or below point "C " Disclaimer: I am not an expert, I just share interesting charts here. Ideas shared are not in any manner an advisory to trade. Please seek expert opinion before investing / trading because investment / trading in market is subject to market risks. I do not hold any position in crude oil as on date.
MCX:CRUDEOIL1!Long
by rajivrajeev
1
Crude Oil Inventory Data and Market Analysis:Crude oil inventory data was released on Aug 8th, with expected storage of 0.567M barrels. Actual storage reported was 5.951M barrels, indicating an oversupply compared to expectations. The disparity between expected and actual storage suggests potential market shifts. Supply and Demand Impact: The surplus in crude oil supply suggests weaker demand or increased production. Oversupply can lead to downward pressure on prices due to more available oil than the market needs. Technical Analysis and Price Trends: Crude oil has been trading in a rising channel, indicating an upward trend within a specific range. Price trends suggest that the market has been favoring higher crude oil prices. Divergence in Data and Price Trends: A notable point is the divergence between inventory data and price trends. This could mean other factors beyond supply and demand are influencing the market. Factors like market sentiment, geopolitical events, and speculation might be at play. Waiting for Clarity: Given conflicting signals, a cautious approach is advised. Waiting for more information or confirmation is sensible before making trading decisions. Rapid market changes and various influencing factors must be considered.
MCX:CRUDEOIL1!
by TradingCraftsman
CrudeOil Important Levels to watchCrudeoil important levels to watch are as follows #Support: 6880 Sell below: 6880 only on 15 minute candle closure below the level. Target 1: 6830 Target 2: 6795 #Resistance: 6960 Buy Above: 6960 only on 15 minute candle closure Above the level. Target 1: 7020 Target 2: 7085 #Demand Zone: 6880-6910 may act as a 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 stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
CrudeOil Important levels to watch. Crudeoil important levels to watch are as follows #Support:6915 Sell below:6915 only on 15 minute candle closure below the level. Target 1:6850 Target 2: 6770 Target 3: 6670 #Resistance: 6965 Buy Above: 6965 only on 15 minute candle closure Above the level. Target 1: 7040 Target 2: 7090 #A bearish harmonic pattern has been drawn on the chart along with its entry and stoploss level. As per the pattern it can be expected that price may face rejection at the top. Once the top is taken off again it is recommended to exit short positions or the top can be used as a stoploss. #Demand Zone: 6620-6650 may act as a 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 stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset