Crude Oil MCX Future Weekly Analysis 18-22 Mar, 24📊 CRUDE OIL 20 MAR WEEKLY FUT LEVELS Weekly Range: 399 - Buy at: 6613.58 - Buy Target 1: 6966.58, Target 2: 7119 - Avg. Position: 6566.5 - Buyer SL: 6480.58 - Sell at: 6519.42 - Sell Target 1: 6473.42, Target 2: 6321 - Seller SL: 6652.42by NumroTraderPublished 1
CRUDE OIL FUTURESCRUDE OIL RESIST 81.00- 82.00 SUPPURT 80.00-79.00 Watch carefully in this zoneShortby devkumarchakrawarty2022Published 3
#Crudeoil update || 15 Mar 📆Date: 15 Mar 🕓TimeFrame: 4 hour Technically: 🔸Crude oil forms a rising channel after reaching resistance at 6767, beyond a bearish overbought condition. It now trends downward on the 4-hour timeframe. Target 1: 6578 Target 2 : 6500 As per the news: 🔸Energy agencies anticipate Q2 oil supply shortfall due to extended OPEC+ cuts. 🔸IEA optimistic on global demand, EIA raises US production forecasts. 🔸Permian Basin shale crucial; US output expected to hit record levels, per Commerzbank.Shortby Shalvisharma5Published 5
crude spot or mcx updatecrude stya abv 81.55$ looks up side 83--84$ in mcx stya abv 6755 or closed abv 2 days looks up side 6900--7000++++++ expecttt buy on dips with support sl on chart by kailashcfa33Published 1
Crude Oil Analysis: Potential Rally Ahead Towards 6800Hey Traders,I'm keeping a close eye on crude oil as it appears to be gearing up for an interesting move. Currently, it seems like crude oil is heading towards the $6800 mark.The key level to watch out for is the Chanmep level. If we see a breakout above this level, it could signal the start of a significant rally.Keep a watchful eye on the charts and let's see how this plays out!Disclaimer: This is just my personal analysis and not financial advice. Always do your own research before making any trading decisionsLongby CyborgTradingHubPublished 3
Crude Oil : Buy here Inverse Head & Shoulder pattern is BreakingCrude oil is very bullish, Buy here @6660 with Sl 6400 tgt 7450 Inverse Head & Shoulder pattern is Breaking Out Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.Longby maneeshaggarwalUpdated 21
crude spot or mcx updatecrude stya abv 6555 looks up si 6620--6640 buy on dips with strict support sl -- spot crude abv 79 looks 81++++Longby kailashcfa33Published 3
crudeoilmcxnear to key level of 6550, looks good for 6750 with sl of 6400Longby KapildsrawatPublished 2
#Crudeoil Update | MCX | Mar 12 🛢️ Time Frame: 1 Hour 📉 Status: Bullish 📅 Date: 12.03.2024 🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range. 🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data. 🔸Expected Traget 1 - 6554 Target 2 - 6584Longby Shalvisharma5Published 3313
Crudeoil Update || MCX - 11 Mar Timeframe: 1 Hour Strategy: Short 🔸WTI crude prices dropped to around $77 per barrel on Monday for the third consecutive session. 🔸Investor caution prevailed ahead of crucial US inflation data and monthly reports from OPEC and the IEA. 🔸Last week, WTI prices fell by 2.45% due to uncertainties in demand despite extended supply cuts by OPEC+. 🔸China's oil imports also declined by approximately 5.7%, reaching 10.8 million barrels per day in the first two months of the year. 🔸Oil-producing countries like Saudi Arabia and Russia, announced an extension of production cuts through the end of the second quarter.Shortby Shalvisharma5Published 11
⛽ Crude Oil MCX Future Weekly Analysis 11-15 FebCRUDE OIL 20 MAR FUT LEVELS Weekly Range: 244 Points 💰 Buy at 6577.79 🎯 Buy Target 1 - 6609.79 🎯 Buy Target 2 - 6703 📈 Average Position 6549 🛑 Buyer Stoploss - 6496.46 💲 Sell at 6520.21 🎯 Sell Target 1 - 6308.21 🎯 Sell Target 2 - 6215 🛑 Seller Stoploss - 6601.54by NumroTraderPublished 2
CRUDE buy sell zones /levels intradayMCX:CRUDEOIL1! buy sell levels for crude , short below support, buy above resistance break. avoid between current buy sell zones till breaks.by ajinkyadiwakar717Published 8
Crude oil target 6200Price action in ascending channel.. as there is no supporting news for crude oil to break resistance. Shortby shailesh_kpPublished 3
#Crudeoil Update Mar 5 | Intraday MCX 🔸Timeframe: 1 hour 🔸Bearish below 6485, bullish above 6515 🔸Anticipating a bounce from 6413 support; sustained bearish momentum may lead to further downside levels. 🔸WTI crude drops to $78.5/barrel for a second day. 🔸Demand concerns outweigh OPEC+ supply cuts' impact. 🔸China's 5% economic growth target and voluntary cuts influence market sentimeShortby Shalvisharma5Published 114
crdue update blw 6590crude looking profit booking blw 6590 now once can take--sell crdue 6583@--6600 sl 6628 tgt 6528--6506Shortby kailashcfa33Updated 3
#Crudeoil Update | MCX | Mar 4 🔸Timeframe: 1 hour 🔸Crude most likey to touch the support at 6560 and move towards upward direction. 🔸OPEC+ may continue to cut oil production beyond Q1 to avoid oversupply. 🔸Commerzbank predicts oil prices will stay strong at $80 per barrel if geopolitical risks persist. 🔸Extending cuts until year-end would signal market tightness and positively impact prices.Longby Shalvisharma5Published 8813
Crude Oil MCX Future Weekly Analysis 4-8 March, 2024📊 CRUDE OIL 20 MAR FUT LEVELS Analysis 🎯 Weekly Range: 393 ➡️ Buy: 6543.87, Avg Pos: 6497.5 🎯 Buy T1: 6880.87, Buy T2: 7031 ❌ Buyer SL: 6412.87 💰 Sell: 6451.13 🎯 Sell T1: 6395.13, Sell T2: 6245 ❌ Seller SL: 6582.13 Analysis: The CRUDE OIL 20 MAR FUT shows a weekly range of 393. A buy entry is suggested at 6543.87 with average position at 6497.5. Buy targets are set at 6880.87 and 7031, with a stop loss at 6412.87. Conversely, a sell entry can be considered at 6451.13, aiming for targets at 6395.13 and 6245, with a stop loss at 6582.13. Traders should exercise caution and perform thorough analysis before initiating any positions. #CrudeOil #Commodities #Energy #OilPrices #TradingOil #MCX #OilAnalysis #OilMarket #OPECby NumroTraderPublished 8
Buy crude oil again, trend is upCrude oil is in strong up trend, hourly indicators are showing a bottom near 6500. Longby TrikaalCapitalUpdated 2
CRUDECrude oil bullish on weekly chart. Took support on 200 EMA on weekly chart (White Line). W pattern in making. Demand Zone is marked as Green shaded horizontal area. Double Bottom is marked with 2 Stars which makes Demand Zone stronger. Resistances are marked as red horizontal lines (For Long Term). Stoploss is marked as orange horizontal line (For Long Term). Breakout trade above Skyblue Horizontal line with its Stoploss at Pink Horizontal line. Price already bounced from Demand Zones. Rest all levels are marked on the chart. Breakout trade:- Buy above 6555 Stoploss 6300 Targets 7770 - 8800 - 9600 Support Based Trade:- Buy 5700 Stoploss 5210 Long Term Tgts 6555 - 7770 - 8800 - 9600 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.Longby MasterTrader1949XPublished 14
Crude view on study purposeCrude oil is very interesting instrument Trying to make impulsive move after corrective wave if it crossess previous month high and sustains then bullish journey may continue04:12by krushanuPublished 1
Crudeoil | MCX | Feb 29Timeframe: 1 Hour Strategy: Bearish Oil Price Decline: Oil prices extended losses due to a larger-than-expected increase in U.S. crude stockpiles, heightening concerns about sluggish demand. Stockpile Build: U.S. crude inventories rose for the fifth consecutive week, increasing by 4.2 million barrels, surpassing analysts' expectations. Elevated Interest Rates: Worries about a slow economy and reduced oil demand in the U.S. were exacerbated by the anticipation of delayed U.S. rate cuts, contributing to market pressure. Market Sentiment: Large stockpiles fueled investor worries about economic slowdown, while the outlook for delayed interest rate cuts and high borrowing costs added to negative sentiment. Upcoming Economic Data: Traders awaited the U.S. personal consumption expenditures price index for more trading cues, expecting insight into inflation trends and potential impacts on the market. Geopolitical Tensions: Ongoing conflicts in the Middle East, particularly concerns related to Jerusalem, were noted as factors likely to keep a floor under oil prices amid global uncertainties. Shortby Shalvisharma5Published 2214
WTI Crude starts an impulse higherWTI recently took support at the 20dma near 74.80 and is now heading higher in wave iii, which can take it to 88$. The rally may not end there as we should develop a five-wave advance. Oil is the outlier in commodities and often manages late-stage rallies before deflationary trends kick in. Stay prepared for an oil price spike in the coming weeks which can impact inflation expectations.Longby indiachartsPublished 4
Crudeoil Update|| 28 Feb TimeFrame: 1 Hour Crude oil turning bearish, after inventory news Crude oil has shifted to a bearish stance in response to recent inventory updates. The market is now poised to descend towards a key support level at 6460, reflecting the impact of evolving supply and demand dynamics in the oil sectorShortby Shalvisharma5Published 8