whats next on crude? dont get into trapavoid LONG for crude as of now
price likely to face resistance on 7400 and 7500
price will look to sweep liquidity from 6800 lvl
fresh buying can be seen at 6652-50
WTI1! trade ideas
buy crude stya abv 7190 tgt 7330++ looks buy crude stya abv 7190 tgt 7330++ looks buy only looks breakout abv 86$ till 87--88 sl keep 85$ looks dedcat bounce here dontmiss with lvl trade with lvl to lvl
sell crude 7035@--50 tgt looks 6910 sell on risesell crude 7035@--50 tgt looks 6910 sell on rise keep tight ls 7099 wti blw 85$ blw looks dwn only as per chart
Crude OilCrude is basically going for 2022 Highs. Geopolitical concerns will fuel this rally. I am aiming for 118.00.
Not Financial Advice(NFA)
crude spot or mcx update blw after yestrday falloutyes its gap dwn opened now eys on 85$ if stya abv thna expect 86-87$ or if hold blw 85$ thna sell on rise may be melt dwn tgt 82.20-81.30 thna after 78$ in mcx 7059 blw dwn only if find near 6980-7000 sell only with sl 7062 tgt 6868--6770 thna after more bear mode will update in trade hrs
[Commodity] Crude Oil Stop and Reverse TradeSmall SL. Small Risk. High Reward
Last trade ->
Note -
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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Going For LONGCrude oil price may increase. It may happen very quickly as Israel- Palestine war going on .. good opportunity to buy future
Crude Oil Important Support and Resistance Level For 11-Oct-2023The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
CrudeOil Important Levels to watch ! CrudeOil important levels to watch are as follows
#Support: 6900
Sell below: 6900 only on 15 minute candle closure below the level.
Target 1: 6800
Target 2: 6680
#Resistance: 7000
Buy Above: only on 15 minute candle closure Above the level.
Target 1: 7065
Target 2: 7180
=> # 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 do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and 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.
WHY WE ARE EXPWCTING HIKE IN CRUDEOIL THIS WEEK?
The attack by Hamas in Israel is causing crude oil prices to surge,
This is due to concerns about supply disruptions and the potential for the conflict to escalate.
The overall increase we are expecting - 8-11%
CRUDEOIL TODAY's TARGET 7250
crdue hit all tgt after sold gn lvl told herese ll 7350 blw or 7170-- or 7030-20 see now 6880 done hope u enjoyed or not!!! still should buy on dipssss??? or sell on rise stya update here soon lvl will post
mcx Crude oil after a bull run from june 23 lows of 5500 to 7800 levels in September .can see correction in coming month towards 6700-6500 levels .if futures fails to close above 8000 level in next few weeks .so on any rise towards 7800 go short important resistance 8000 on closing bases .
#CRUDEOIL UPDATE - 5-6-7 October 6880 price level is a key support level for crude oil. This means that if the price of crude oil falls below 6880, it could lead to a further decline in price.
INTRADAY TARGET FOR CRUDEOIL - October 5
Target 6800, SL 6960
This means that you should aim to profit when the price reaches 6800, and you should cut your losses if the price falls below 6960.
CRUDE next level 6600As per the Chart, Crude nevel level 6600 will be a good buy zone and from that level it should retrace as per price action.
It will be a better risk reward trader if we get an opportunity to buy at 6600 for this expiry
sell crude 7020@ tgt loks 6960+++++ sell on rise mustsell crude 7020@ tgt loks 6960--30+++++ sell on rise must keep tight sl 7059 or let see wht nxt blw 84$ looks slide dwn wti spot 82$++++
crude oil new update (previously even after the breakout we avoided to o=go long)
the recent pullback is the reaction of higher time frame inducement where price made a imbalance and didnt retest the resistance zone
so there 7195 - 7065 will act as short term support and it is also a fair value area from higher time frame
either price will retest this zone and then head towards 8000-8300 level
price tried to retest the zone twice but couldnt mitigated the area
still the area hold major buying interest because it has created a liqudity of new fresh long stop losses underneath
THIS IS JUST ANALYSIS, YET NO CLEAR PICTURE TO INITATE A TRADE
crude update new levels6650 and 6400 will be next halt zone and we can see free fall here
these levels are fib 0.5- 0.6 fib golden level
CRUDE short trade setupon hourly chart crude is making lower highs
price opened gap down and made a pullback
candles on 15m looks weaker on green side and strong on red side
indicating selling pressure
next support or target will be 7300-7200
crude mcx eyes on 7240 if stya bwl correction aheadyes sustain blw 7240 looking sharp side dwn 7180--7110+++ crude spot blw 87$ sustain expect dwn 86.20--85.50$ let see first lvl today open jmrc meeting also
CRUDE OIL - 03rd Oct 2023Last 5th Elliot Impulse Wave Left
7283 Support, If breaks which is last resistance from which uptrend started, then more dip till 7200,7100 can see
This chart is only for educational purposes
INTRADAY CRUDEOIL SETUP - 3 October BUY Above 7400 - target 7500 and 7600
Don't carry forward trade for tomorrow
