Crudeoil | MCX | 22 Feb update🔹 Timeframe: 1 hour
🔹Bull above 6500
🔹CrudeOil may test resistance at 6568 per barrel, a break above could lead to a gain into 6500 range.
US refineries resuming operations after outages, boosting demand.
Weaker dollar makes oil cheaper for buyers, increasing demand.
Geopolitical tensions add support to prices.
But, US crude inventory build raises concerns, limiting price gains.
Official inventory data expected tomorrow may impact pricing further.
Crude Oil Futures
CRUDEOIL1! trade ideas
CRUDEOIL | MCX | 19-20th Feb📊 Analysis
🔍 Timeframe: 1 hour
📈 Strategy: Bullish, then Bearish
Observing a robust rejection point at 6600. Anticipating either a range-bound market or rejection from a bearish OB.
Considering recent news:
Oil prices remain in a tight range amid Red Sea ship attacks and demand worries. Brent crude and WTI show slight gains at $83.57 and $78.48, supported by ongoing tensions in the Middle East.
Share your insights! If you concur, give it a thumbs up. 👍 #OilMarketAnalysis #TradingStrategy
Crudeoil MCX || 16 FebEA's Optimistic View:
IEA forecasts global oil supply to outpace demand, with non-OPEC countries leading the rise.
OPEC's Limited Options:
OPEC faces challenges as demand for its oil is predicted to decline, limiting room to lift output without oversupply risks.
Dubious Non-OPEC+ Increase:
Doubts arise over IEA's projection of a 1.6 million barrels per day surge in non-OPEC+ oil production, especially regarding U.S. output.
OPEC's Response:
Some OPEC nations commit to deeper cuts, challenging the IEA's rosy picture, and suggesting the market may not be as comfortable as depicted.
Crudeoil Update || MCX || 15 Feb Crudeoil Update || 15 Feb
Timeframe: 1 Hour
Strategy: Short
🔸Bearish below 6310 - target 6270, 6230
💥Crude oil prices decline due to an unexpected 12 million barrel
💥Increase in US crude stockpiles, according to ANZ Bank.
💥Gasoline inventories drop by 3.7 million barrels, mitigating losses.
💥OPEC's monthly report fallout continues as Iraq and Kazakhstan commit to new OPEC+ oil target.
_________
Crudeoil Update || Feb13 || MCX
Timeframe: 1 Hour
Strategy: Long
🔶BULL above 6400 --- target 6486, 6520
🔶WTI crude futures stayed around $77 per barrel, near a two-week high, due to ongoing tensions in the Middle East.
🔶Israel's airstrikes in Gaza and Hamas ceasefire rejection impacted oil prices, but talks in Beirut hinted at easing tensions.
🔶Concerns about inflation and potential delays in Fed rate cuts could limit oil price gains.
🔶Investors are awaiting key US inflation data and monthly reports from OPEC and IEA for further insights.
#CRUDEOILUpdate || MCX || 9th Feb
Timeframe: 4 Hourr⏰
Strategy: Neutral
WTI crude rose above $76 per barrel, up nearly 6% for the week, driven by ongoing Middle East tensions. Geopolitical events, including an Israeli-Hamas conflict and a US strike in Iraq, influenced prices. Additionally, US gasoline inventories dropped more than expected.
If it fails to sustain above 6300, then crude will be bearish.
Above 6326, bullish
Check above mentioned level before entering in trades.
Crude MCX can fall till 5705On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude Oil MCX Future Weekly Analysis for 05-09 Feb., 2024 📊 Trading Marcos' Weekly Analysis - Crude Oil MCX Feb Future 📈
CRUDE OIL 17 FEB FUT LEVELS 🛢️ Weekly Range - 550
Analysis:
The weekly analysis for Crude Oil MCX Future suggests a favorable trading setup:
Buy Levels:
Buy at 6318.9 🎯 Target 1 - 6369.9 🎯 Target 2 - 6580
Average Position: 6254 📈
Buyer Stoploss: 6135.57 🛑
Sell Levels:
Sell at 6189.1 🎯 Target 1 - 5690.1 🎯 Target 2 - 5480
Seller Stoploss: 6372.43 🛑
Master Tip: Avoid Selling on 5 Feb., or wait for a candle closed below 5980 and sustain for 1 hour at-least for a jackpot trade of 500 points.
Key Points:
The Buy Targets indicate potential upward movements, providing profit-taking opportunities.
Average Position at 6254 suggests a strategic approach for risk management.
Buyer Stoploss at 6135.57 helps protect against adverse market conditions during a buying position.
The Sell Targets offer options for short positions, anticipating potential market corrections.
Seller Stoploss at 6372.43 acts as a safety net for sellers, preventing substantial losses.
Disclaimer: Trading involves risks, and decisions should be made based on personal analysis and risk tolerance. Always use appropriate risk management strategies. 🚀
📉 #CrudeOil #MCX #CommodityTrading #WeeklyAnalysis #TradingSignals #MarketOutlook #TradingMarcos
CRUDE OIL LEVELS FOR UPCOMING SESSION 03-02-2024Lots of News and Up n Down. Will More fall be there in Crude or it will Consolidate here for sometime. We will wait for inventory Data and Any news
RED SEA NEWS and WAR NEWS will have major impact on this....
Till Enjoy weekend and do your study chart and levels is here.. :)
Crude Oil MCX Feb Future Analysis for Today 3 Feb for Options
📊 Crude Oil - 17 Feb Fut Analysis 📈
Crude Oil 17 Feb Fut Levels : 📅 Day Range - 221 Point
Buy at 6115.58 🚀
🎯 Target 1 - 6166.58
🎯 Target 2 - 6251
➕ Add one lot at 6089.5
🛑 Buyer SL - 6053.42
Sell at 6063.42 📉
🎯 Target 1 - 5893.42
🎯 Target 2 - 5809
🛑 Seller SL - 6125.58
Analysis:
Crude Oil's 17 Feb Fut levels propose a buying opportunity at 6115.58, aiming for targets of 6166.58 and 6251. Consider adding one lot at 6089.5. On the selling side, 6063.42 may lead to targets of 5893.42 and 5809. Exercise caution and adjust strategies based on market dynamics.
#CrudeOilAnalysis #FuturesTrading #CommodityMarket #OilFutures #DayTrading #MarketOutlook #TechnicalAnalysis #ProfitableTrading #CommodityAlerts #FinancialMarkets
CRUDEOIL UPDATE | FEB 2 | MCX #CRUDEOIL || 2nd FEB || Intraday setup
🔸Timeframe: 1 hour
🔸Strategy: Short
Target - sustain below 6157
INVALIDATION above 6200
________________
The OPEC+ monitoring committee's decision to maintain oil-output cut plans and the expectation of a gradual reversal of cuts have provided support to oil prices. The high conformity among members adds to the market stability. This decision is likely to influence crude prices positively, as it signals a cautious approach toward increasing production.
Crude Oil MCX Future for Today 01 Feb, 2024🛢️ CRUDE OIL 17 FEB FUT LEVELS 📊 - Trade Alert! 🚀
📅 Day Range - 172 Points
📈 Buy at 6396.3
🎯 Target 1 - 6419.3
🎯 Target 2 - 6485
💡 Add one lot at 6376
🛑 Buyer SL - 6345.7
📉 Sell at 6355.7
🎯 Target 1 - 6206.7
🎯 Target 2 - 6141
💡 Add one lot at 6406.3
🛑 Seller SL - 6406.3
Trade wisely and good luck! 📈💹 #CrudeOil #TradingAlert #MarketWatch #FinancialFreedom #CrudeOil #OilTrading #CommodityMarket #EnergyPrices #CrudeOilAnalysis #MarketPredictions #FuturesTrading #InvestmentTips #DayTrading #FinancialMarkets
CRUDEOIL MCX LEVELS
TIMEFRAME : 1 HOUR
Indicator Used: The analysis involves the use of the 100-day Exponential Moving Average (EMA), a common technical indicator in financial markets.
Sustainability Requirement: The focus is on whether the price of crude oil can maintain its position above the 100-day EMA.
Bearish Signal: If the price fails to sustain above the 100EMA, it is interpreted as a bearish signal.
Market Sentiment: Traders often use key moving averages to gauge market sentiment and potential trend reversals.
Possible Downward Trend: In this case, failure to sustain above the 100EMA suggests the potential for a bearish (downward) trend in crude oil prices.
#CRUDEOIL update 31st Jan || MCX || INDIAN MARKET🔶Timeframe: 1 hour
🔶 INTRADAY TARGET - Target: 6360, 6380
🔶Oil prices dipped due to weak Chinese economic data, but monthly gains are expected amid escalating Middle East conflicts. U.S. inventory data showed mixed results, while concerns about demand persist.
🔶Crudeoil inventory data at 9 pm today.
#CRUDEOIL Update || MCX || JAN 30thTimeframe: 1 HOUR
Bullish signals in the crude market! 📈 If #CrudeOil maintains levels above 6425, it could be a strong indicator for upward momentum. Keep an eye on the charts for potential bullish trends.
Geopolitical tensions in the Middle East boosted oil prices, with Brent crude up 0.21% at $82.57, and WTI rising 0.22% to $76.95
Crude Oil MCX Future Analysis for Today 29.01.2024CRUDE OIL 17 FEB FUT ANALYSIS
Technical Levels: Intraday Range: 183 Points
Buy at 6321.09
Target 1: 6494.09
Target 2: 6564
Additional Position: at 6299.5
Buyer Stop Loss: Set at 6267.91
Sell at 6277.91
Target 1: 6267.91
Target 2: 6198
Seller Stop Loss: Set at 6331.09
Analysis:
The crude oil futures for January 20 present a compelling opportunity with a suggested entry at 6321.09. Traders are advised to capitalize on potential gains by targeting 6494.09 as the first objective and 6564 as the second. To maximize profits, consider adding one lot at 6299.5.
It's crucial to manage risks, and for buyers, the recommended stop loss is 6267.91. Conversely, sellers should exercise caution and implement a stop loss at 6331.09 to mitigate potential losses.
The daily range projection stands at 183 points, providing traders with a clear framework to gauge market movements. Stay vigilant and adapt your strategy as the market unfolds.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risks, and individuals should carefully consider their risk tolerance and financial situation before making any decisions. Always conduct thorough research and seek advice from financial professionals.
#CrudeOilFutures #CommodityTrading #EnergyMarkets #OilTrading #FuturesTrader
Crude Oil MCX Future Analysis for Today 24 Jan, 2024Crude Oil MCX 17 FEB Future Intraday Analysis for 24 Jan., 2024 for Future and Option Traders.
Day Range: 147 Points 📊
Buy Scenario:
Buy at: 6208.85
Average at: 6191.5
Target 1: 6268.85 🚀
Target 2: 6325 🎯
❌ Buyer Stoploss: 6164.15 ⛔
Sell Scenario:
Sell at: 6174.15
Target 1: 6087.15 🎯
Target 2: 6031 🔽
❌ Seller Stoploss: 6218.85 ⛔
#CrudeOil #OilTrading #CommodityMarkets #FuturesTrading #OptionsTrading #EnergyMarkets #TradingStrategies #TechnicalAnalysis #RiskManagement #MarketAnalysis #DayTrading #TradingSignals #FinancialMarkets #Investing #MarketVolatility #Derivatives #TraderTalk #TradingCommunity #MarketOutlook #PriceAction