crude long trendline break out w pattern trendline break out short term holding good rr quicks targets Longby shirkehanmant77110
MCX Crude looks spooked, shaken, and violently swirledSomething has spooked, shaken, and violently swirled the crude markets. What exactly is brewing with oil? The rising and strong trendline that began in Apr 2020, has been tested twice on the weekly time frame earlier. This week, it's simply taken out. Broken in one clean swipe. It's almost like a butcher's big solid knife has sliced through warm butter. That’s how the wide-ranging weekly bar with above-average volumes is describing itself to me. (Or maybe it's my hunger pangs that are causing me to view Crude so crudely. :-) ) Even though Crude is currently testing the rising 200dma, (which happens to be a strong support zone) the possibility of this zone holding appears rather bleak to me. The market and price action are always supreme. Yet, if this 200dma level holds, Crude may well continue to brew strongly and surprise me as well. How much the downside lies ahead if and when 200dma gives away? The ATH range of 5535-5719 has formed over a long period from Oct 18 and Jul 21. The manner in which it has given away is indicative of a likely sharp down move ahead. The Fibonacci supports of (23%) lie at 5100 and 38% lie at 4279. For Crude to continue brewing with interest and to stay strong, it needs to stay above the 4279 level. There are multiple supports here in this range from 4279 to 4565. This zone may well provide some support, albeit for a short bounce. It remains to be seen how this zone supports and shapes out ahead. This will define its future path. Such sharp reversal moves and the breakout failure often have a tendency to retrace to the extent of 50% (3622). Eventually, the 61% retracement level @ 2951 could well be a distinct possibility, if crude starts to trade below 4279 levels. At this point in time, these lower levels do seem far-fetched. Yet for now, these appear to be a distinct possibility IMHO. Time shall quickly tell if this is a strong brew or it’ll be weak and subdued. Cheers until then. Shortby amar_grUpdated 1
Crude Oil #Crude Oil # Trend Analysis #Market Streatgy #Commodity Market #Stock Market #nifty #Bank NiftyShortby satenderarao2
CRUDEOIL SHORTI hope you can now see how CRUDEOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading. Shortby EntryandExitUpdated 443
CRUDE OIL ON SHORT POSITIONThere is rejection from Resistance level , also formed double top . Waiting for the target.Shortby swingtradeacademyUpdated 1
Crude OilImportant Levels.........................................................,by TradingTitans99990
⛽ Crude OIL Traget MCX MCX:CRUDEOIL1! Here We Are Using Harmonic For Target, it's A Unique Way To Use Harmonic, Long Above previous candle high stop loss already given on the chart. Trade as per your trade setup. As we are just adding quantity, our holdings from very low levels. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.Longby linesandlevels338
CRUDEOIL long opportunityFormed inveted head and shoulder pattern and broke out. Can go long with good green candle.Longby lordfourth3
Crude Sell setup.Sell crude for target1 and target 2. Keep stop loss as per your profit-risk ratio. Trade active now.Shortby rajguruvishalUpdated 4
Crude oil short (03 Jan)Crude oil short (03 Jan) RSI- 39 Sell at CMP- 5609 SL- 5668 Target- 5560, 5527 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Shortby ashwinjethwani14091
Crude oil short (31 Dec)Crude oil short (31 Dec) RSI- 39 Prices falling with increasing volumes Sell at CMP- 5648 SL- 5705 Target- 5588, 5546 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Shortby ashwinjethwani14091
Crude 3 possibilities 1 ResultIn my view cycle from Mar20 Low is completed with wave I red and now we are into formation of corrective cycle in 5-3-5 pattern ((A)) -((B))-((C)) black. Out of which ((B)) black is either completed as shown in BROWN path or can complete after one more leg up as shown in BLUE path or BLACK path. In either case we are expecting one more 5 wave down to ((C)) black once ((B)) black connector is done. Once 4706 level low made on 02DEc is broken that will confirm connector is made and based on that we will be able to identify the entry level for our Long position. and we will be entering Crude in Blue color area marked for at least a bounce or a reversal of trend. Longby profitaddaUpdated 1
# crude oil trade idea this is not a trade recommendation the zone i have told is very imp Longby krishnasharma20001
Short CrudeoilShort Crudeoil Based on support and resistance and price pattern looks short CrudeoilShortby siddmuk2005Updated 6
#short crude # view is bearish analysis educational purpose short 5400 sl 5500 ... target open Shortby shirkehanmant77331
Crude oil short (20 Dec)Crude oil short (20 Dec) RSI- 29 Long term support breakdown Sell at CMP- 5195 SL- 5235 Target- 5091, 5043, 5015 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Shortby ashwinjethwani1409Updated 2