#CrudeOil Update || 21 Dec Levels Crudeoil Intraday
Timeframe: 15 min
Strategy: Neutral
On December 21, oil prices declined, breaking a three-day winning streak, primarily driven by concerns about low demand following an unexpected rise in U.S. crude inventories. Despite worries about global trade disruptions from Middle East tensions, the focus shifted to sluggish demand. The provided chart levels are crucial for intraday setups, with potential gains of 25-30 points in either direction, depending on market respect for these levels.
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Mentioned chats levels in the chart are for intraday setup
WTI1! trade ideas
Crudeoil Important Levels to watch !CrudeOil important levels to watch are as follows
📍 Support: 6020
📊Sell below: 6020 only on 15 minute candle closure below the level.
📉Target 1: 5970
📉Target 2: 5900
📍 Resistance: 6100
📊 Buy Above: 6100 only on 15 minute candle closure Above the level.
📈Target 1: 6145
📈Target 2: 6200
📈Target 3: 6250
⚡⚡ 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 at the verge of a breakout while Nifty fallsCRUDEOIL at the verge of a breakout after traders booked profits from equity. It is supposed to pump money in commodity market.
Other Technical Reasons:
1) Taken support
2) Crossed 20 EMA
3) Good Volume Support
4) About to form ‘Three white soldiers’ pattern
CRUDEOIL update || Dec 20
Time Frame: 1 hour
Strategy: Long - BREAKOUT🔥
Crude oil is poised for a potential breakout towards the 6300 range as it faces resistance. The current stability is influenced by Houthi militants' activities in the Red Sea, impacting oil supply. Initial concerns led to a rise in prices. Today's crude oil inventory data could further impact the market, shaping future trends. Stay tuned for updates.
Target1: 6250
Target2: 6275
Target3: 6300
Crude Oil - MCX - update
Please read the notes on the chart carefully. Now, how to trade next week? For that you can refer to my publication on US Oil which I will publish soon, but surely before Monday. The reason for not giving you "HOW TO TRADE" here is that US Oil is the parent price movement on the basis of which this chart moves; so kindly bear with me and always refer to that chart.
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.
CrudeOil Important Levels to watch CrudeOil important levels to watch are as follows
#Support: 5870
Sell below: 5870 only on 15 minute candle closure below the level.
Target 1: 5820
Target 2: 5740
#Resistance: 5955
Buy Above: 5955 only on 15 minute candle closure Above the level.
Target 1: 6010
Target 2: 6080-6085
=> # 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.
=> # 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.
Massive sell of Crude post US CPI data - 12 December 2023 News Based:
Post-CPI Inflation data 3.1% rise in November YoY - Massive sell-off of Crude was seen.
Higher oil prices contribute to inflation directly and by increasing the cost of inputs.
Hence, we can see a massive crude oil sell-off.
Technicals
5755 is a crucial level
if Crude sustains below we can see a massive downfall as seen in the image
CRUDEOIL - 11 December 2023
Crude oil has fallen badly for a few days.
Based on demand and supply - marked dot-to-dot levels
Today crude has been bullish
A morning star pattern has been formed, and there is confirmation
Entered during fib retracement.
I'll be trailing at 5980 and SL at 5910 .
Current level 5940 is crucial, and we can expect a good up move if bullishness continues.
NOTE: This is a contrary trade with a significant risk. This is not a tip but my view of crude.
CRUDEOIL UPDATE || Dec 12#CRUDEOIL UPDATE || Dec 12
Timeframe: 4 hourTimeframe
Direction: Long (Intraday)
Advising buys above 20 & 30 EMA.
Maintaining my view on crude oil, anticipating a touch at the 5600 level before an upward move.
Oil prices went up slightly because investors are waiting for important decisions about interest rates and inflation.
The upcoming U.S. Consumer Price Index (CPI) report and the Federal Reserve meeting will have a big impact on the oil market.
There are also political tensions in the Middle East, which could affect oil prices.
#OilMarket #TradingStrategy
Crude Oil Mini Intraday Prediction Levels for 7 Dec 2023Crude Oil Mini Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
crude oil price analysis. Designed for crude oil price analysis. It includes the calculation of exponential moving averages (EMAs), highlights specific time intervals with background color changes for the 6:15 PM candle, and provides buy and sell signals based on various conditions.
# Drow horizontal line on 6:15pm 15min candle
# ema5 and ema10
#
Features:
Exponential Moving Averages (EMA5 and EMA10).
Background color change for the 6:15 PM candle.
Buy signal when the high of the 6:15 PM candle is broken.
Sell signal when the low of the 6:15 PM candle is broken.
Buy signal when the price crosses above EMA10.
Sell signal when the price crosses below EMA10.
Usage:
Buy when a green "Buy Signal" label appears or when the price crosses above EMA10.
Sell when a red "Sell Signal" label appears or when the price crosses below EMA10.
Note:
Please conduct thorough back testing before using this indicator in a live trading environment.
Consider implementing risk management strategies to protect your capital.
Disclaimer:
This indicator is provided for educational and informational purposes only. Trading involves risk, and past performance is not indicative of future results. Use at your own risk.
Crude Oil Mini Intraday Prediction Levels for 5 Dec 2023Crude Oil Mini Intraday Prediction Levels for 5 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Crude OIl MCX Future Analysis - 05 Dec., 2023🛢️ Trading Alert! 📊 Unlock the Intraday Levels for Crude Oil MCX Future on 05.12.2023, curated by Trading Marcos! 📈
📉 Contract Details:
Instrument: Crude Oil MCX Future
Contract Month: December Future
Day Range: 167.00 Point
Trigger Point: 6157.00
📈 Buy Levels:
Buy At: 6183
Add Position: 6164
Buy Target 1: 6260
Buy Target 2: 6324
Standard SL: 6153
Preferred SL: 6134
💰 Sale Levels:
Sale At: 6144
Sale Target 1: 6054
Sale Target 2: 5990
Standard SL: 6174
Preferred SL: 6193
📊 Stay in control and make the most of your trading day!
📉 #CrudeOil #MCXFuture #IntradayTrading #LevelsByTradingMarcos #MarketAlert 🚀
Crude Oil Mini Intraday Prediction Levels for 4 Dec 2023Crude Oil Mini Intraday Prediction Levels for 4 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.