If doesn't cross above 7000 level and closes with strong volume in remaining august series ,then might see fall up to 6000 levels in coming weeks .forming a ascending triangle .might possible go for a third touch correction towards rising trend line .
take chance--- sell crude sell on riseeeeeee sl 6679 tgt 6480--6400+++ yes on daily chart looking falling window pattern may be fall dwn badly keep sl or sell
we have seen good volatility in crude in last two week
as price was trending both sides
again there is CHOC in the 1h chart as price made the correction and came back towards the higher time frame demand
i am expecting a pullback or a retest towards the reversal of medium time frame
which is 6600
with sl 6500 below the higher time frame demand zone
( or you...
Crudeoil important levels to watch are as follows
#Support: 6600
Sell below: 6600 only on 15 minute candle closure below the level.
Target 1: 6570
Target 2: 6520
#Resistance: 6675
Buy Above: 6675 only on 15 minute candle closure Above the level.
Target 1: 6740
Target 2: 6860
#Demand Zone: 6600-6620 may act as a immediate buying zone, and price may bounce...
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Crudeoil important levels to watch are as follows
#Support: 6810
Sell below: 6810 only on 15 minute candle closure below the level.
Target 1: 6740
Target 2: 6670
#Resistance: 6890
Buy Above: only on 15 minute candle closure Above the level.
Target 1: 6950
Target 2: 7030
#Demand Zone: 6810-6820 may act as a immediate buying zone, and price may bounce from...
yes on crude 6765--60 if hold abv thna mkt again mark 7000--7100+++ only blw 6760 stya than think correction till 6720--6680--- yes risk taker can buy on dipss with strong support sl more update soon stya tuned with us
gold silver crude nifty or bank nifty update blw all mkt which belong to mcx nse comex also stya tuned with us wia whtsup have patience who stuck wrong side tell here
Crude oil seems to have formed double bottom and is trading above neckline
1. RSI daily and weekly above 60
2. Breakout point at 6830
3. Rounded bottom on daily chart
Buy on Dips for a TGT of 7460 - 7690
SL can be either below 6830 or below point "C "
Disclaimer: I am not an expert, I just share interesting charts here. Ideas shared are not in any manner...
Crude oil inventory data was released on Aug 8th, with expected storage of 0.567M barrels.
Actual storage reported was 5.951M barrels, indicating an oversupply compared to expectations.
The disparity between expected and actual storage suggests potential market shifts.
Supply and Demand Impact:
The surplus in crude oil supply suggests weaker demand or...
Crudeoil important levels to watch are as follows
#Support: 6880
Sell below: 6880 only on 15 minute candle closure below the level.
Target 1: 6830
Target 2: 6795
#Resistance: 6960
Buy Above: 6960 only on 15 minute candle closure Above the level.
Target 1: 7020
Target 2: 7085
#Demand Zone: 6880-6910 may act as a buying zone and price may bounce from the...
As Per daily chart Analysis and technical Analysis Looks Like MCX:CRUDEOIL1! will face Resistance near 6900-6910 level if its break then another Resistance Will be 7150-60 and if its break with volume then possibly it will test 7600,7700 level.
Option Trade buy Crude Oil 6950 CE 17 Aug Near 95, Sl 55, target 160,190
Time Frame 5-7 Days
Best regards
Ajay Metha
