Oil Futures trade ideas

Shalvisharma5

Technical Analysis: Price failed twice to breach 7322, forming a double-top pattern. Key neckline at 7057 suggests potential downtrend to 7000, unless breaking above 7330. Support at 7100 (Bearish) Resistance at 7170 (Bullish above) Market Insights: 🔸 Potential dip in oil prices below $90/barrel post Iran's attack on Israel, considering pre-existing rally and...

tradingmarcos

Crude Oil MCX 20 Apr Future Technical Chart Weekly Analysis! 📊 Range Point: 7187 📈 Weekly Range: 265 🎯 Buy Above: 7221 🎯 Average At: 7190 🎯 Buy Target 1: 7351 🎯 Buy Target 2: 7452 🛑 Buyer Stoploss: 7132 📉 Sale Below: 7158 🎯 Sale Target 1: 7023 🎯 Sale Target 2: 6922 🛑 Seller Stoploss: 7247 Don't forget to reciprocate your love by boosting, following and...

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KaustavHazra

Intraday Support level at 7180 and resistance level at 7296. 1st Support level : 7181 2nd support level : 7082

rajeshtatineni85

Technical analysis suggests that crude oil prices may find support at $84.40 and face resistance at $87.30, with similar levels identified for Crude oil MCX prices. A recommended trading strategy involves selling on any uptick around $86.20, with a target price of $85 and a stop-loss order placed above $87.30. This strategy aims to capitalize on short-term price...

maneeshaggarwal

crude oil is consolidating and heading to 7450. If it closes above 7825 for more than 3 days it will head towards 10000. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series Disclaimer:- Please always do your own analysis or consult...

Bitrageur

Broken out of the trendline. Weekly supertrend signalling a buy as well , EMAs compressing around 63-6400. Iran threatiening to close Strait of Hormuz War escalations all around the world (middle east)! 34% would just be the beginning. Will be adding on dips upto 6760 MCX:CRUDEOIL1! SL weekly close below 6263

Index_Lover Updated 

Buy now and average till 6030. Target 6440, 6880. Sl 5656 below breakout at 6030, so trend reversal chances are there.

Shalvisharma5 Updated 

Today, there were no trades in crude oil. I anticipated an upward movement, but it reversed instead. According to the chart, if crude remains below 7100, it may be considered bearish. A bullish signal is only confirmed if it rises above 7150.

marketwala

CRUDEOIL CMP 7206 can go upto 8000/9999 weak below 6000

iamrk7 Updated 

Crude Oil (MCX) Current Market Price: Approximately 7005 We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market. We remain optimistic about crude oil's prospects today. Crude oil has...

skumarinsweden Updated 

Crude has made the double top and it has rejected from that level. Now if it break 7202 then there is possibility of price trying to fill the gap below. I have consider the candle stick pattern and trend analysis.

ajinkyadiwakar717

MCX:CRUDEOIL1! watch crude below 7155 for short trade till 7102 zone

tradingmarcos

📊 CRUDE OIL 20 APR WEEKLY FUT LEVELS 🎯 Weekly Range: 404.00 📉 Buy at: 7141.67 🎯 Buy Target 1: 7533.67 🎯 Buy Target 2: 7688.00 📉 Average Position: 7094.00 🛑 Buyer Stoploss: 7007.00 📉 Sell at: 7046.33 🎯 Sell Target 1: 7034.33 🎯 Sell Target 2: 6880.00 🛑 Seller Stoploss: 7181.00

kailashcfa33

crude gap dwn open now looking short covring here yes if gap fill thna mkt abv 7160 looks 7250-7400++++ where support 7111 only break blw thna more other wise if hold abv support mkt up side only buy on dips with supporting sl

Shalvisharma5 Updated 

Timeframe: 1 Hour Crude oil opened with a gap-up today, indicating bullish momentum. The price faces resistance at the 7255 level, a significant barrier observed in historical price action. Anticipation of a gap fill suggests a potential retracement to fill the void created by the gap-up opening. Support is identified between the 7150-7130 zone, where buying...

TradEdge1313

crude oil looks bullish on charts. ready for more headache near 8000 in coming weeks.

MasterTrader1949X

W pattern in making already reversed from Double bottom. rest all levels are marked on the chart. Breakout Based:- Buy above 7702 SL 7418 Tgt 8789 - 9560 - 9997 Support Based:- Buy near 7060 SL 6787 Tgt 7702 - 8789 - 9560 - 9997 This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI...

harikant0672 Updated 

mcx crudeoil looking bullish gave breakout on daily chart 4month old resistance in upcoming days we can see 7500 and 7700 NOTE: only for educational purpose RULE: 1: always trade with stoploss 2: decide your risk per trade and per day 3: believe to your analysis 4: stay positive and keep patience technical analysis + money management+ physicalogy = successful...