Crude Oil Futures
CRUDEOIL1! trade ideas
CRUDEOIL - INTRADAY UPDATE - 28 SEP - Crude oil is losing momentum in the 1 hour chart due to persistently high interest rates.
- Waiting for momentum to return near 6 p.m. today.
- The chart shows possible targets for crude oil in the near future.
Analysis
The 1 hour chart of crude oil shows that the commodity has been losing momentum in recent hours. This is likely due to a number of factors, including persistently high-interest rates. High-interest rates make borrowing money more expensive, which can lead to a decrease in demand for crude oil.
CrudeOil Important Levels to watch !CrudeOil important levels to watch are as follows
#Support: 7460
Sell below: 7460 only on 15 minute candle closure below the level.
Target 1: 7420
Target 2: 7360
#Resistance: 7570
Buy Above: 7522 for scalping and buy above 7570 for directional trade only on 15 minute candle closure Above the level.
Target 1: 7650
Target 2: 7760
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#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.
crdue spot or mcx megaupdate at higher pricealready told here 91.55 it will be zoom see now wht happened now eyes on 95.55$ if sustain abv or close thna expect 97--99++++ over all if 91.55 abv stable bull zone active be care full seller????-- in mcx 7580-7643 crucial support for crude if hold abv thna bu on dips with sl nxt heading towards 7950--8200+++ exepct. yes double top 7820 now looks some correction till 7730--7750 but over all hold abv gvn lvl it may be upp again--------- seller be alert abv 7580 no sell dont stuck wrong side tell here where to stuck???
crude spot or mcx crucial update blwas per chart analysiscrude spot eyes on 91.50 if stya abv thna mkt nxt up side 92.30-93$ wjere if hold blw 90$ will see dwn sid emove 89--87$ expect as per chart-- in mcx 7560 if clsoe abv thna think nxt rally otherwise mkt soon 7450-7400 or blw 7370 thna after bear mode active more lvl stya here with lvl
CrudeOil important levels to watch !
CrudeOil important levels to watch are as follows
#Support: 7460
Sell below: 7460 only on 15 minute candle closure below the level.
Target 1: 7400
Target 2: 7315
#Resistance: 7560
Buy Above: 7560 only on 15 minute candle closure Above the level.
Target 1: 7645
Target 2: 7740
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#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 UPDATE || 21 SEP
Fed rate hike signals pushed oil prices lower, with Brent crude closing at $92.40 and WTI at $88.57, marking a second day of losses.
Analysts expect consolidation to continue, with short-term tightness supported by supply constraints.
SUMMARIZE: We are expecting crude oil to fall between - 1.5 - 2.7% within this week
Crude Oil - Technical Analysis, Timeframe: 4-hour Technical Analysis:
Crude oil is currently trapped in a demand zone. This means that there is a concentration of buyers at this price level, which is preventing the price from falling further.
If the price of crude oil can break through the resistance at the top of the demand zone, it will likely continue higher.
Trading Strategy:
Traders who believe that crude oil will continue higher can look to buy a break above the resistance at the top of the demand zone.
Overall, the technical outlook for crude oil is bullish as long as the price remains above the demand zone. A break above the previous swing high would be a particularly bullish signal.
CRUDE OIL MCX - OCTOBER MONTH SERIESCrude Oil Study
As per Elliot Wave theory Last wave is still left for upside
Time frame for analysis - 30 min
Target 1 - 7568
Target 2 - 7608
Target 3 - 7630
Target 4 - 7664
Target 5 - 7718
Target 6 - 7776
SL - 7400
This chart is only for educational purpose do your own study before taking any trades