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CRUDEOIL1! trade ideas

Crudeoil | MCX | update Mar 27Crude Oil: Technical & Fundamental Headwinds 📆 Update - Mar 27 🕓 Timeframe: 1 hour 📈Technical Breakdown: A rising wedge pattern on the 1-hour chart has broken, potentially signaling a downtrend. (Your previous analysis is acknowledged!) Target to be: 6690/ 6660 💲Price Drop: WTI crude futures fell to $81/barrel on Wednesday. Inventory Surge: US crude inventories unexpectedly surged by 9.337 million barrels, the highest in a year. Supply Concerns Waning? This inventory build could indicate easing supply concerns. 🆘Geopolitical Uncertainty: However, Ukrainian attacks on Russian refineries and Middle Eastern tensions create market unease.
MCX:CRUDEOIL1!Short
by Shalvisharma5
#Crudeoil update || 15 Mar 📆Date: 15 Mar 🕓TimeFrame: 4 hour Technically: 🔸Crude oil forms a rising channel after reaching resistance at 6767, beyond a bearish overbought condition. It now trends downward on the 4-hour timeframe. Target 1: 6578 Target 2 : 6500 As per the news: 🔸Energy agencies anticipate Q2 oil supply shortfall due to extended OPEC+ cuts. 🔸IEA optimistic on global demand, EIA raises US production forecasts. 🔸Permian Basin shale crucial; US output expected to hit record levels, per Commerzbank.
MCX:CRUDEOIL1!Short
by Shalvisharma5
Crude Oil Analysis: Potential Rally Ahead Towards 6800Hey Traders,I'm keeping a close eye on crude oil as it appears to be gearing up for an interesting move. Currently, it seems like crude oil is heading towards the $6800 mark.The key level to watch out for is the Chanmep level. If we see a breakout above this level, it could signal the start of a significant rally.Keep a watchful eye on the charts and let's see how this plays out!Disclaimer: This is just my personal analysis and not financial advice. Always do your own research before making any trading decisions
MCX:CRUDEOIL1!Long
by CyborgTradingHub
Crude Oil : Buy here Inverse Head & Shoulder pattern is BreakingCrude oil is very bullish, Buy here @6660 with Sl 6400 tgt 7450 Inverse Head & Shoulder pattern is Breaking Out Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
MCX:CRUDEOIL1!Long
by maneeshaggarwal
Crudeoil Update || MCX - 11 Mar Timeframe: 1 Hour Strategy: Short 🔸WTI crude prices dropped to around $77 per barrel on Monday for the third consecutive session. 🔸Investor caution prevailed ahead of crucial US inflation data and monthly reports from OPEC and the IEA. 🔸Last week, WTI prices fell by 2.45% due to uncertainties in demand despite extended supply cuts by OPEC+. 🔸China's oil imports also declined by approximately 5.7%, reaching 10.8 million barrels per day in the first two months of the year. 🔸Oil-producing countries like Saudi Arabia and Russia, announced an extension of production cuts through the end of the second quarter.
MCX:CRUDEOIL1!Short
by Shalvisharma5