possible shortwhole week spent in consolidation, now if it trade below 85 support, then a 2% drop could be there...
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Crude Oil Weekly Technical Chart Analysis 22-26 April
📊 Crude Oil MCX 20 May Future Technical Chart Weekly Analysis
🎯 Range Point: 6981
🎯 Weekly Range: 374
📉 Buy Above: 7049
📉 Average At: 7005
🎯 Buy Targets 1: 7212
🎯 Buy Targets 2: 7355
🛑 Buyer Stoploss: 6924
📉 Sale Below: 6961
🎯 Sale Targets 1: 6750
🎯 Sale Targets 2: 6607
🛑 Seller Stoploss: 7086
CrudeOil Alert! MCX 💥 Weekly 18 - 23Apr
Timeframe: 4-hour ⏰
🔍 Observing an intriguing D cup pattern emerging in crude oil. The alluring support beckons at 6726. Exciting times ahead! 💃🕺
Selling point at 6860
Target would be 6700 - 6680 (+150 -- +170 points)
CRUDE OIL ANALYSIS 17 APR 2024 SHORTCrude oil analysis 17 Apr 24 short
currently crude oil is trading around 7041
all the levels are given in chart i guess i made it clear over there
R/R - 1:2
exacting crude oil to fall by 2-4.5%
Major resistance area is 7318
minor resistance area is around 7194
Major support area is around 6672
mino
📆 #Crudeoil Update - MCX | April 16
🔸Technical Analysis:
Current Situation: Crude oil is approaching the critical support level at 7100.
🔸Scenarios:
If the support at 7100 is breached, further downward movement is anticipated, with potential for lower levels.
However, there's a possibility that crude oil could find support at this
📆 #Crudeoil Update MCX || April 18Update :-
🔸Support at 6811, with a potential move towards the 7000 level for settlement. Long only above 6950-6960.
🔸Crude oil prices declined over 3% due to robust US oil supply & growing demand concerns.
🔸US crude inventories increased by 2.735 million barrels.
#Crudeoil Update || APR 11 MCXHere are the key levels to watch:
Bullish above 7190: If crude oil prices rise above the 7190 level, it indicates bullish momentum in the market.
Bearish below 7100: Conversely, if prices fall below 7100, it suggests bearish sentiment taking hold.
Traders and investors are closely monitoring these
📆 #Crudeoil Update MCX || April 15Technical 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
Crude Oil MCX Future Weekly Analysis for 15-19 April, 2024Crude 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
Crude Oil Prices Surge Amid Middle East Tensions and Demand ForeTechnical 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 ab
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Frequently Asked Questions
The nearest expiration date for Crude Oil Futures is May 19, 2021.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Oil Futures before May 19, 2021.