TimeFrame: 1 Hour
Bullish 🔼 above 6122,
Bearish 🔽 below 6037.
Monitoring key levels for potential market moves. #Trading #Commodities"
Let me know if this helps? by liking the idea.
📊 CRUDE OIL 20 JAN FUT LEVELS
📊 Day Range: 173 Point
📈 Buy at 6106.91
🎯 Target 1: 6258.91
🎯 Target 2: 6325
🔍 Add one lot at 6086.5
❌ Buyer SL: 6056.09
📉 Sell at 6066.09
🎯 Target 1: 6045.09
🎯 Target 2: 5979
❌ Seller SL: 6116.91
Trade with trends to turn green! Resiprocate your love by following and comment!
On 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...
The crude oil trade presents an enticing opportunity with a 1:3 risk-reward ratio, offering the potential for substantial gains. Investors can capitalize on silver's price movements, taking a calculated risk with the prospect of tripling their initial investment if the trade unfolds favorably. This favorable risk-reward ratio makes the silver market an attractive...
Price level of 6062 is crucial. In terms of US Oil $72.8 is the crucial level. Buy only above this level. For detailed note, please refer to notes on US Oil Chart.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for...
TIMEFRAME 4 HOUR
If crude oil can sustain above the current triangle pattern, there's potential for an upward movement of +270 points.
BIG DAY FOR CRUDE! WATCH OUT FOR POTENTIAL BREAK OUT!
📊 Time Frame : Daily
📉Strategy : LONG
📆 08.01.2024
The crude oil market has exhibited signs of recovery following a recent dip. Several factors suggest that the prevailing conditions could contribute to a potential spike in crude oil prices in the near future, particularly driven by buyer dynamics and broader market conditions.
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multiple bounce from demand zone range 5800-6000 multiple touches on down trendline from correction 7700 can see bounce back towards 7000-7500 levels in next 3-4 month if 6000 holds on weekly and monthly closing above 6000 levels .low risk high return possible .on bases of down trend channel breakout .
Price Levels for crude have been mentioned on the chart.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Study says that crude is travelling in channel since long
once it break it will break it will give spike in either way
It has retraced after high of 9990. Lets see.
Price and Time Levels have been marked on the chart. Please adhere to the time schedule strictly.
Candle marked in the green is going to be Pivotal and will decide the future trend for the commodity.
eyes on wti spot 70$ stya blw looks dwn 69--68.20$ in mcx stya blw 5880 looks dwn fall only till 5810--5740+++++ yes uper hurdel 71.55 or in mcx 5911 abv mkt may be up side turn
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
I am expecting a Upside rally in Crude Oil in next 2-3 months. The reason is after a big dip now Crude Oil is taking support at a Major support level and forming W pattern.
CrudeOil important levels to watch are as follows
📍 Support: 6155
📊Sell below: 6155 only on 15 minute candle closure below the level.
📉Target 1: 6100
📉Target 2: 6050
📍 Resistance: 6225
📊 Buy Above: 6225 only on 15 minute candle closure Above the level.
📈Target 1: 6290
📈Target 2: 6355
⚡⚡ Remember each level will act as a support and resistance...
In the current scenario, consider initiating a long position if and only if a candle sustains above the 6053 level.
On the other hand, for a short position, wait for the level of 5983 to be broken, ensuring that at least one candle maintains its position below this level.
Please confirm if these levels are suitable for you by commenting and liking. 👍
![CRUDEOIL1!: [MCX] Crudeoil Buy Idea](https://s3.tradingview.com/2/23qtYrmR_mid.png "[MCX] Crudeoil Buy Idea")
