CrudeoilCrudeoil Seller active at double top on 30m chart - Expected H&S+BAT. Resistance 7037, Supports 6880, 6840, 6800.
39M2027 trade ideas
CRUDEOIL UPDATE | JULY 3 Potential crude oil price movement in a 1-day timeframe
Shooting Star Pattern identified, a bearish reversal candlestick pattern called a "shooting star." This suggests a potential price decline if certain conditions are met.
Key Levels:
Support: 6840 - If the price falls below and sustains under 6840, it could indicate further downward movement.
Resistance: 6950 - A break above 6950 would invalidate the bearish shooting star pattern and suggest a potential price increase.
Predicted Movement:
Downside: If the price closes below 6840, you expect a further 40-50 point decline.
Important Notes:
This analysis is based on a single technical indicator (shooting star) in a 1-day timeframe. It's important to consider other technical indicators and fundamental factors that can influence price movement.
Supporting indicators: Are there other technical indicators that support the bearish signal from the shooting star?
Consolidation Before Breakout! Big Move ComingCRUDE OIL FUTURES
✅it is consolidating before a breakout from a long-term descending trendline, signaling a potential strong upward move.
✅Strong support around 6500 levels due to the ascending trendline. The breakout above the resistance around 6900 suggests a potential move towards 8000+ levels.
✅indicators are showing bullish momentum, supporting the breakout scenario. Volume increase confirms strong buying interest and bullish sentiment, backing up the breakout scenario.
Crude Oil MCX Future Weekly Technical Chart Analysis 1-5 July📈 Crude Oil MCX Future Technical Chart Analysis
📆 Weekly Levels: 1-5 July
📊 Range Trigger Point: 6805
📉 Weekly Range: 199
📈 Buy Above: 6823
💼 Average Position: 6800
🎯 Buy Target 1: 6928
🎯 Buy Target 2: 7004
🛑 Buyer Stoploss: 6757
💰 Sale Below: 6776
🎯 Sale Target 1: 6682
🎯 Sale Target 2: 6606
🛑 Seller Stoploss: 6842
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#CrudeOil #CrudeOption #CrudeFuture #MCX #MCXLevels #OilFuture
Crude sold at 6990 , 6915 Target hit sell on rise with 7050 sl Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
CRUDEOIL CAN buy crudeoil
perfectly retrace of fbi and resverseing from the fbi golden zone
can go long
and place stoploss below the morning star
target - 7100
Crude sell holding from 6990 SL 7050 Target mentioned on chart Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude Oil (USO) | Update | July 09, 2024
Timeframe: 1-hour
Current Situation: Crude Oil is currently trading within the zone it established last week. There's an unfilled gap on the chart, indicating a potential price move to fill it.
Analysis: For an upside move, bulls need to see Crude Oil sustain above the key resistance level of 6940. This would be a positive sign and could lead to a move towards filling the gap.
Key Levels:
Resistance: 6940 (Break above for potential upside)
Support: 6860
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.
CRUDEOIL - Confirmed breakout or false dawn?Bulls Charge, But Bears Lurk Below
Support: 6890 (New!)
Resistance: Watch for 7025
Long: Above 6960 (SL below 6890)
Wait: Confirmation of uptrend (Price, Volume, Indicators)
Short (Aggressive): Below 6890 (High Risk)
#OilTrading #CrudeOil #Breakout
Disclaimer: Educational only. Not financial advice.
Crudeoil analysisClassical double top rejection with Triangle patter. It may lead to Short or long as per the level suggestion. It has also volume profile which suggest more selling pressure.
Crude oil sell near 6960-6970 with Sl 7020 Target 6850, 6790 Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude oil sell below 6800 downtrend starting soon Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
crude oil Analysis of 28 june 24Hello,
Crude oil analysis, Wait for green line break out, Red line mark as support & Resistance.
This Analysis Based on price action, no any indicator used.
please comment if you like it.
Crude Oil ready for Explosive Move !Background: Crude Oil made a high of 9996 during the Ukarine war which also marked the end of wave 3. This followed 4th wave with a flat correction (Marked as ABC) which finished at around 5290.
Current Scenario : We are in minor wave 3 of sub wave 3 of major wave 5 (shown on chart)
Trading Strategy : Buy on Dips. The entry, stop loss & target are mentioned on the chart
CRUDE OIL CHART ANALYSIShello,
Crude oil chart Analysis as per chart, red mark as no trade zone, wait for break out, green line mark as support & resistance.
wait for proper break out.
Crude Oil Intraday Technical Chart Analysis for 28 June, 2024
Here’s the script for the Crude Oil MCX Future Technical Chart Analysis:
📈 Crude Oil MCX Future Technical Chart Analysis
📆 Levels for 28 June, 2024:
📊 Range Point: 6804
📉 Day Range: 110
📈 Buy Above: 6804
💼 Average At: 6791
🎯 Buy Target 1: 6872
🎯 Buy Target 2: 6914
🛑 Buyer Stoploss: 6767
💰 Sale Below: 6778
🎯 Sale Target 1: 6736
🎯 Sale Target 2: 6694
🛑 Seller Stoploss: 6815
✨ Boost, follow, and engage for more insightful updates. For detailed analysis and live discussions, check out our community channels. Your engagement fuels our dedication to providing top-notch content! 🚀❤️
#Crude #CrudeOil #CrudeOption #CrudeFuture #MCX #MCXLevels #OilFuture
Crude oil sell below 6700 avoid fresh buy at current price Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
CRUDEOIL BREAKOUT - June 26Timeframe: 4 Hour -- Rising wedge reversal breakout
Analysis : Crude oil has potentially broken a key support trendline on the 4-hour chart, indicating a shift in momentum. This could signal a potential downside move in the near future.
Key Levels:
Breakout Point: 6735 (Support trendline)
Target: 6655 (Based on the measured height of the trendline)
Entry: Consider entering a short position (selling) if the price breaks and closes decisively below the trendline support at 6735.
Target: Aim for a target price of 6655, which is based on the height of the recently broken trendline.
Stop-Loss: Place a stop-loss order above the trendline at 6780 to limit potential losses if the price reverses and breaks back above the trendline.
Risk Management:
Always remember to practice proper risk management. Only allocate a small percentage of your capital to this trade and use a stop-loss order to limit potential losses.
Confirmation: A confirmed trendline break occurs when the price closes decisively below the trendline with increased trading volume.
Additional Notes: This analysis is based on technical indicators and should be used in conjunction with other fundamental and market sentiment factors.
Past performance is not necessarily indicative of future results.
If you have a screenshot of the chart highlighting the trendline break and target level, you can upload it to your TradingView post to provide a visual aid for your analysis.
I hope this TradingView article helps!
CRUDEOIL - BREAKOUT - June 21Technical Outlook: Ascending Triangle Hints at Upside Breakout
Chart Pattern: Ascending Triangle (developing)
Current Price: Below 6820 (as specified)
Breakout Levels: Upside: Above 6820
Stop-Loss: 6790 (placement below the triangle)
Targets1 -- 6850
Targets2 -- 6860
Targets3 -- 6890 (based on the triangle's height)
News Catalyst: Increased summer demand and Middle Eastern tensions potentially pushing oil prices towards $90, according to market analysts.
Analysis:
The current price action suggests a forming ascending triangle, which is a bullish continuation pattern. A breakout above the triangle's upper trendline (at $6820) could signal a move towards the mentioned targets.
Confirmation: A confirmed breakout requires a daily close above $6820 with increased trading volume.
Risk Management: A stop-loss order is recommended below the triangle's support level (6790) to limit potential losses if the price falls instead.
CRUDEOIL UPDATE - JUNE 19th Crude Oil Technical Overview: Symmetrical Triangle on Watch
Timeframe: 4 Hour
Pattern: Symmetrical Triangle (developing)
Current Price: Above 6745
Key Levels:
Bullish above 6745
Resistance: 6825 (upper trendline)
Berish below
Support: 6700 (lower trendline)
Analysis: A symmetrical triangle appears to be forming in the crude oil market. This pattern typically indicates a period of consolidation before a potential breakout in either direction.
Breakout Potential:
Upside breakout: A break above the resistance level of 6745 could signal a move towards higher prices.
Downside breakout: A break below the support level of 6700 could indicate a decline in crude oil prices.
Important Note:
The direction of the breakout will depend on upcoming news and market forces. This technical analysis should be used in conjunction with other factors to make informed trading decisions.
Crude oil for professionals #Divergence #Trading crude oil for professionals #Divergence #Trading
Is trading in crude oil profitable?
When there is an overkill in supply, traders sell crude oil. Rising demand makes crude oil prices higher. When positive market trends abound, there is a tight convergence between positive factors, making prices rise, and vice versa. You need to know what drives oil as a commodity before trading to make a profit.
Which crude oil is best to trade?
Brent crude and WTI are the two most well-known types of crude oil. In fact, Brent crude is used as the world's benchmark for oil prices – almost two thirds of futures traded are on Brent oil.
What is the best time to trade crude oil?
A popular time to trade oil is between 20:00 (UTC+8) and 13.30 (UTC+8) – which is when the New York Mercantile Exchange (NYMEX) is open, and the market often sees high liquidity.
Crude long on breakoutCrude looking good at CMP 6669 for long if this breakout above 6662 sustains SL below 6470.
Intraday Trade Series #1 - Crude Oil 5th Wave Rally In my previous post, I have discussed the current nature of crude oil as either a correction or an impulse. In either scenario, it is likely that we will witness a bounce towards the 6700 levels. It appears that wave 3 has concluded and we are currently in the 4th wave, which is anticipated to conclude between 6495 and 6415. If we observe any bullish patterns such as a morning star, engulfing, or piercing on the hourly chart in the entry zone marked on chart, we can consider initiating a long trade with a minimum target of 6627. As the 5th wave in commodities tends to be larger and more pronounced, we can attempt to ride the wave by adjusting our stop loss using techniques like swing lows or the Fibonacci 38% levels once it reaches our minimum target. It is crucial to closely monitor the price action and momentum to determine if it aligns with the characteristics of wave 5.
Wave count, Entry, Stoploss, Target are indicated on the chart
Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
