OPEC at a turning point: what’s next for oil? All eyes are on OPEC ahead of its May 5 meeting as it faces pressure from falling prices, weak demand, and internal rifts.
While some expect a pause in output hikes, the consensus points to continued increases. The group’s decision will be key in shaping oil market dynamics amid trade tensions and fragile global growth.
APRIL PRICE ACTION: TARIFFS, TRUMP, AND TURBULENCE
April witnessed WTI crude oil futures plummeting by 18.6%, marking its sharpest monthly decline since November 2021, as U.S. tariffs and OPEC+ supply hikes dragged prices.
President Trump’s April 2 announcement of 10% baseline tariffs on all imports, with elevated duties targeting China and others, triggered fears of a global trade slowdown. Additionally, China’s retaliatory tariffs on U.S. goods only intensified demand concerns.
OPEC+ exacerbated the selloff by boosting output by 138,000 bpd in April, its first production hike since 2022. The group had initially planned for gradual monthly increases of 135,000 bpd, but the higher-than-expected increase caught the market off guard, intensifying downward pressure on prices.
The cartel followed up with an announcement that it would hike output in May by 411,000 bpd. The accelerated pace of production increases is widely seen as politically motivated, reflecting pressure to align with U.S. interests amid growing geopolitical and economic tensions.
OUTPUT HIKES LOOM AMID POLITICAL TENSIONS AND INTERNAL RIFTS
OPEC+ faces growing pressure to raise output, despite weak demand. Political factors, internal pressure from key members, and a desire to protect market share are driving this shift.
Disagreements within the group are mounting. Kazakhstan, for example, says it can’t cut production and will prioritize domestic needs, continuing to exceed its target. In March, the UAE, Iraq, and Nigeria also pumped above quotas and are pushing for higher limits to support their budgets.
Source: OPEC and IEA
Saudi Arabia appears less willing to support prices with further cuts. Reuters reports the kingdom is prepared to tolerate lower prices to defend market share.
Rising domestic oil use from May to September, due to higher electricity demand, also supports more output.
OPEC+ is also under political pressure to boost output, with analysts suggesting Saudi Arabia and others may fast-track supply hikes at the May 5 meeting to ensure oil doesn’t become a flashpoint ahead of Trump’s upcoming visit to the Gulf.
OIL MARKET STRUGGLES WITH TWIN HEADWINDS: WEAK DEMAND AND RISING OPEC+ SUPPLY
OPEC has cut its 2025 oil demand growth forecast by 10.3% to 1.3 million bpd and trimmed its 2026 outlook by 10.5% to 1.28 million bpd, citing the impact of U.S. tariffs.
Source: OPEC , EIA , and IEA
The EIA and IEA echoed this downgrade, reinforcing expectations of prolonged price pressure amid trade tensions and rising supply.
Source: U.S. Bureau of Economic Analysis
Economic data from major consumers deepens the bearish tone. The U.S. economy contracted 0.3% in Q1 2025, its first decline since 2022, as firms rushed imports ahead of tariffs, disrupting trade flows. China’s April manufacturing PMI dropped to 49, marking its lowest since 2023 despite stimulus measures.
The trade tensions between the U.S. and China disrupt supply chains and increase costs, while slower economic growth in key regions curtails fuel consumption.
With global growth cooling and OPEC+ accelerating output, the oil market now faces a dual challenge: softening demand and swelling supply. The result is a volatile outlook skewed toward persistent oversupply.
HYPOTHETICAL TRADE SETUP
With OPEC+ likely to uphold or accelerate output hikes at the May 5 meeting due to the reasons stated above, WTI remains vulnerable.
Notably, WTI’s implied volatility remains near its YTD highs, and the skew stays deep in negative territory at 5.6, signalling stronger demand for downside protection over upside exposure.
Source: CME CVOL
The 21-day MA remains above the 9-day MA, indicating sustained bearish pressure, while the MACD continues to trend lower despite the May 1 price rebound.
RSI hovers in neutral territory but below the midpoint, signalling weakening bullish conviction.
All these indicators point to fading bullish momentum and sustained downside pressure.
Overall, bearish technicals, persistent oversupply risk, and soft economic data from the U.S., China, and Europe support a short-term bearish view.
Source: CME QuikStrike
With OPEC’s meeting set for 05 May, investors may explore the 05/May ML1K5 Monday weekly options.
This paper posits a Bearish Put Spread using weekly WTI options expiring on 05/May, offering defined risk and reward in a directional play with a 1.1 x reward-to-risk ratio.
The long put at USD 61/barrel, and the short put at USD 57/barrel; this sets a breakeven at USD 59.09/barrel. The trade costs a net premium of USD 1.91/barrel (USD 1,910/contract)
The position yields a maximum profit of USD 2.09/barrel (USD 2,090/contract) if WTI settles below USD 57/barrel, and a maximum loss of USD 1.91/barrel (USD 1,910/contract) if it closes above USD 61/barrel.
The chart above was created using CME Group’s QuikStrike Strategy Simulator , which allows for precise modeling and clear visualization of trading strategies under different market conditions.
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme.
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
WTI1! trade ideas
Crude double bottom active 5130, then 5450to 5530 upside Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude Oil Futures Under Pressure; Key Resistance Confirmed at ₹5Crude Oil futures on the MCX continued their downward trajectory on Wednesday, closing near ₹4,949 amid growing bearish momentum. WaveNodes Pro Max AI flagged a "Seller Trap Possible", but downside targets remain intact for now.
Seller trap alert means big players are finding opportunity to trap or shed short sellers.
The system-identified Short Entry at ₹5,212 has held firm as resistance, with two clear retests failing to breach the impact zone of ₹5,233–₹5,263. This former support has now flipped decisively into supply, adding pressure on intraday rallies.
🔻 Key Developments:
AI Bearish Probability: Rises to 50.9%, surpassing bullish odds.
Target 1 (₹5,036–₹5,103) achieved successfully.
Target 2 set at ₹4,750–₹4,818, with potential for deeper correction toward ₹4,465–₹4,533.
Profit Booking Alert: ₹5,084 marked as short-term profit-taking zone.
📉 Market Sentiment:
Volatility remains elevated at 23 PPB, with good volatility reading at 21 PPB, suggesting controlled but active movement.
Despite bearish strength, the AI warns of a possible seller trap, especially if prices reclaim levels above ₹5,084.
🧠 Analyst Take: “The rejection at ₹5,212 confirms the breakdown structure. As long as crude trades below this zone, lower targets remain open. However, a surprise reclaim could trigger short covering,” analysts from WaveNodes noted.
📊 Outlook:
Trend: Bearish
Resistance: ₹5,212–₹5,263
Support: ₹4,750 → ₹4,465
Traders are advised to watch volumes closely as crude approaches the next support band. A failure to break lower could validate the seller trap thesis.
CRUDE OIL (Ready to short)TF use-Daily
If a candle closes below 5275 in daily TF, then the price will touch the last swing low (i.e. 4798) in upcoming days.
Below the swing low ABCD pattern will be activated & then we may see the target of 4323.
ABCD will be activated only below 4798.
View got invalid if any weekly candle closes above 5566
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
Crude 5435 and 5370 range will give movement after range breakHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
crude sell trade ideaWill sell crude when price 5522 sl marked and tareget 1 and target 2 marked reason for the sell is crude taking rejection from Supply Zone of Comex charts . our trading style is buy from demand zone and sell from supply zone . marked this levels keeping buffer according to comex charts .
Crude buy on dip near support 5550-5620 upside Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude as said yesterday profit booking came, 5330-5320 support How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude sell if break 63.60$ if break on WTI avoid any buy trade How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude positional Target 5530 hit buy recommended at 5090How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude upside 5475 to 5530 upside Target pending come in few daysHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude 5475 to 5530 upside Target buying area 5110-30How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
CRUDE OIL MCX – INTRADAY TECHNICAL ANALYSIS (14-Apr-25 | Monday)🛢️ CRUDE OIL MCX – INTRADAY ANALYSIS (14-Apr-25 | Monday)
With 6+ years of research and proven success in trading indices and commodities, I bring you high-probability intraday levels to help you stay ahead in the market. Follow these precise setups and trade with confidence!
✅ Day Range Trigger Point: 5310 | ✅ Expected Move: 193
📈 Buy Above: 5249 | ✅ Average Buy Position: 5227
🎯 Target1: 5429 | Target2: 5503
⛔ Stoploss: 5185
📉 Sell Below: 5204 | ⛔ Stoploss: 5268
🎯 Target1: 5191 | Target2: 5117
📊 Trading Strategy & Key Insights:
🔹 Retest for confirmation: Let the price retest the level before entering.
🔹 Ideal Entry Timing:
Before 10:30 AM or after 5:00 PM: Enter as soon as the level breaks.
Between 10:30 AM and 5:00 PM: Enter as close to the stoploss as possible, as the market often revisits stoploss zones during non-peak hours.
💡 Trading is a game of patience and precision. Follow tested strategies and let the market do the rest! 📈
🔥 Like, share, or boost this post if you found it helpful! Your engagement keeps me motivated and brings a smile to my face. Drop a comment if you visited my profile—I’d love to hear from you! 😊
#CrudeOilTrading #MCX #IntradayTrading #TechnicalAnalysis #CommodityTrading #PriceAction #NumroTrader #TradingSignals #TradingTips 🚀
Crude updated levelsbuy dip near 4960 or buy above 5350How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude Oil MCX Futures – Intraday Technical Levels for 7th Apr.🚀 Crude Oil MCX Futures – Intraday Technical Levels for 7th Apr., 2025 (Monday)!
Backed by 6+ years of experience in trading commodities and indices, here’s your precision-driven intraday setup for Crude Oil Futures. Stick to the plan, manage your risk, and trade with clarity. 🔍
✅ Day Range Trigger Point: 5311 | ✅ Expected Move: 462 Points
📈 Buy Above: 5505 | 🎯 Target1: 5597 | 🎯 Target2: 5773
✅ Average Buy Position: 5450 | ⛔ Stoploss: 5351
📉 Sell Below: 5395 | 🎯 Target1: 5025 | 🎯 Target2: 4849
⛔ Stoploss: 5549
📊 Pro Entry Tips:
Retest is Key: Let the price retest breakout/breakdown zones for better confirmation.
Entry Strategy by Time:
Before 10:30 AM or after 5:00 PM? Enter as soon as the level breaks.
Between 10:30 AM and 5:00 PM? Try entering near stoploss—markets often test these zones.
💡 Success = Strategy + Patience. Trust the process.
🔥 If you find this helpful, boost, like, or share! Your support fuels my daily market insights.
💬 Been here? Drop a comment—I’d love to know how it helped you! 😊
#CrudeOilTrading #MCX #CommodityTrading #IntradayTrading #TradingTips #TradingSignals #TechnicalAnalysis #PriceAction #DayTrading #MarketAnalysis #NumroTrader 🚀
Crude MCX if break 5450 then temporary bottom formation done How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude oil level, recession fear will continue bring crude downHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude Oil MCX Intraday Technical Analysis for 3rd Apr., 2025!🚀 Unlock the potential with my Crude Oil MCX Intraday Technical Analysis for 3rd Apr., 2025!
✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️
📍 Day Range Trigger Point (DRTP): 6147
📅 Expected Day Range: 104
📈 Long Position
🔹 Buy Above: 6115
📊 Average Position: 6103
🎯 Target 1: 6211
🎯 Target 2: 6251
⛔ Stoploss: 6081
📉 Short Position
🔹 Sell Below: 6091
🎯 Target 1: 6083
🎯 Target 2: 6043
⛔ Stoploss: 6125
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Crude upside move will continue after tarrif event less negativeHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude 6130 Target hit buy given near 5760 or above 5945 breakoutHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
CRUDE CMP BUY 5970 TARGET 6150...180 POINTS CRUDE strong buy zone now 5970 above
Bottom out now
Buy cmp 5970
Stoploss 5913
Target1.....6005.....35 points
Target2.....6050......80 points
Target3......6100......130 points
Final 6150................180 points
Disclaimer- This level only for educational purpose only. Do ur own analysis