possible shortwhole week spent in consolidation, now if it trade below 85 support, then a 2% drop could be there...
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📆 #Crudeoil Update - MCX | April 16
🔸Technical Analysis:
Current Situation: Crude oil is approaching the critical support level at 7100.
🔸Scenarios:
If the support at 7100 is breached, further downward movement is anticipated, with potential for lower levels.
However, there's a possibility that crude oil could find support at this
Crudeoil Update | MCX | Apr 10thToday, there were no trades in crude oil. I anticipated an upward movement, but it reversed instead.
According to the chart, if crude remains below 7100, it may be considered bearish.
A bullish signal is only confirmed if it rises above 7150.
📆 #Crudeoil Update MCX || April 15Technical Analysis:
Price failed twice to breach 7322, forming a double-top pattern.
Key neckline at 7057 suggests potential downtrend to 7000, unless breaking above 7330.
Support at 7100 (Bearish)
Resistance at 7170 (Bullish above)
Market Insights:
🔸 Potential dip in oil prices below $90/barrel
#Crudeoil Update || APR 11 MCXHere are the key levels to watch:
Bullish above 7190: If crude oil prices rise above the 7190 level, it indicates bullish momentum in the market.
Bearish below 7100: Conversely, if prices fall below 7100, it suggests bearish sentiment taking hold.
Traders and investors are closely monitoring these
Crude Oil MCX Future Weekly Analysis for 15-19 April, 2024Crude Oil MCX 20 Apr Future Technical Chart Weekly Analysis!
📊 Range Point: 7187
📈 Weekly Range: 265
🎯 Buy Above: 7221
🎯 Average At: 7190
🎯 Buy Target 1: 7351
🎯 Buy Target 2: 7452
🛑 Buyer Stoploss: 7132
📉 Sale Below: 7158
🎯 Sale Target 1: 7023
🎯 Sale Target 2: 6922
🛑 Seller Stoploss: 7247
Don't
CRUDEOIL - Technicals and world affairs aligning for a move Broken out of the trendline. Weekly supertrend signalling a buy as well , EMAs compressing around 63-6400.
Iran threatiening to close Strait of Hormuz
War escalations all around the world (middle east)!
34% would just be the beginning.
Will be adding on dips upto 6760 MCX:CRUDEOIL1!
SL weekly
Crude Oil (MCX) BullishW pattern in making
already reversed from Double bottom.
rest all levels are marked on the chart.
Breakout Based:-
Buy above 7702
SL 7418
Tgt 8789 - 9560 - 9997
Support Based:-
Buy near 7060
SL 6787
Tgt 7702 - 8789 - 9560 - 9997
This is for educational purpose and papertrading only. Please co
Crude Oil: Bullish Momentum ContinuesCrude Oil (MCX)
Current Market Price: Approximately 7005
We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market.
We r
CRUDEOIL Future Analysis Intraday Support level at 7180 and resistance level at 7296.
1st Support level : 7181
2nd support level : 7082
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Frequently Asked Questions
The nearest expiration date for Crude Oil Futures is Dec 17, 2021.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Crude Oil Futures before Dec 17, 2021.