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...
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.
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
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...
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...
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...
Weekly triangle pattern break out in Crude.
Entry: CMP
Stop Loss: 5658
Target 1: 7884
Target 2: 9635
Positive for: Companies with crude as an output. Examples are ONGC, IOC, RIL, OIL INDIA, BPCL, HPCL, ETC.
Negative for: Companies with crude as an input. Examples are ASIANPAINT, BERGER PAINTS, MRF, APOLLOTYRE, GSFC, TATACHEM, ETC.
More importantly rising crude...
On weekly chart Crude is forming bearish engulfing pattern and at Bhoomi Maya's red band i.e. where any sell entry is activated.
Target green bands 5761 as T1
📊 Technical Analysis:
- Triangle breakout with minor consolidation
- MA supporting the bullish trend
📈 Trade Setup:
- Long position initiated at breakout
- Trade with Stop-loss
🚨 Disclaimer:
This is not financial advice. Trade at your own risk. Past performance is not indicative of future results. Consult with a financial advisor.
Crude 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...
