crude long POLE & FLAG breakout ...analysis learning purpose crude long POLE & FLAG breakout ...analysis learning purpose
Sellers swing break after consolidation
seems writers not interested to sell crude now
so hopefully could be breakout
4A1! trade ideas
Crude Oil (MCX): Wednesday - 30/11/22CrudeOil is Range bound. Why? See the OI Data:
CMP: 6520.
From 6600 to 7000 -> 16K Call writings.
In 6500: 3.2K Put
In 6400: 3.1L Put
Now Technical Levels:
Support: 6400, 6325, 6200
Resistance: 6550, 6675, 6750, 6875.
Long Trade only above: 6600 (if sustains above for 15m)
Short only below: 6325.
Crude oil breakoutCrude Oil Last 2 days Trading on sideways down side now breakout happen expect upside towards 6650 soon
intraday Resistance 6605
Crude Oil (MCX): Tuesday - 29/11/22Major Supports: 6415, 6350, 6080
Major Resistance: 6550, 6700, 6760
OI Data:
There are huge call writing for Dec-15 expiry:
6500: 3.3K
6600: 2.2K
6700: 2.2K
6800: 2K
So from 6500 to 6800, there are 10K calls writing happens for Dec expiry.
And Put? - 6400 is the major support of 2K Puts.
High resistance it's going to face. Sell on rise strategy.
Market Recession indication - for education purpose only.Alert and Caution:
Crude oil broke its low level 6240 (INR) .. heading to reach low 4700 (INR) levels before 26th Dec 2022. Indicating recession phase started in sluggish Industrial and Manufacturing sectors,,, Indicating No demand for New Products due to Global Inflation impact.
All global markets will follow downward move along with Crude Oil fall till end of this year i.e., 26th Dec 2022.
Disclaimer: this information is shared for education and analysis only not for trading
Crude Long (25 Nov)Crude Long (25 Nov)
RSI- 35
Buy at CMP- 6450
SL- 6405
Target- 6552, 6605
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
crudeoil levels for 14 march 2022crude oil levels for 14 march 2022 for learning and education purpose only
Sell Crudeoil24/11/2022
Crudeoil Sell Below@6340
StopLoss @6380
Target @6285-6200
Option trade BUY ATM PE f0r 30-50point
Crude Oil (MCX): Thursday - 24/11/22Levels:
Support: 6350, 6200
Resistance: 6500, 6700, 6850
As per OI Data, the max Call & Put writings are seen in 6500 (3800 and 1700). So, 6500 is the crutial level.
Trade plan:
Once price test higher level in between 6440/6470/6550, we can just wait to short with a SL of 6550.
Around 6250/6200 level we can try some longs. But overall bearish.
Crude Oil (MCX): Wednesday - 23/11/22MCX Evening Session Crude Oil level.
Supports: 6350, 6200
Resistances: 6700, 6850, 7100.
Overall it's range bound.
From OI perspective (15th Dec Expiry):
1. Max Call writings (Resistance) are in 6700 (2882 contracts).
2. Max Put writings (Support): 6500 (1850)
Sell on riseUser rise towards 7300-7350 to short with SL above 7550 for target 6300.
Disc : It's not a recommendation to buy or sell. Do you research before taking any decision.
McxCrudeOilAt present Crude Oil price stuck in between the big zone 6264_7720.
Until sustain above 6264 will move up to retest 7720 & possible for a BreakOut which will take it to 9000+ levels.
On the flip side, sustain or MCB below 6264 will drag down to next good support zone 5335_5670
Crude oil short PA Testing live Part1Crude LL Price Action...
pullback to previous resistance .
Small sl entry fir short
Crude Oil (MCX): Tuesday - 22/11/22In Daily chart it is creating a M pattern, tested the low of M as in 6200 in today's session. and Nice bounce from there.
Now it's consolidating aorund 6600 level after a sharp move.
If 6600 level can be behold, buy 6600 Call with the SL of 6550 for a target of 6750/6900 in coming sessions (a day or two).
If it can not hold 6600, buy 6600 Put with SL of 6650, target: 6350/6225.
Get position For any Break The level21/11/2022 18:45
Crudeoil Strategy
Buy Above @6605
Target @ 6700-6750
Stop Loss @ 6550
Trade in Option Buy ATM Call
Sell Below @ 6510
Target 6400-6350-6250
Stop Loss 6600
Trade in Option Buy ATM Put
Crude is topping out?Crude is showing a topping out sign ☢️
On the charts an inverted cup and handle pattern is more likely to break the whole uptrend.
Let's wait and watch whether it breaks or take a support and bounce back.
CRUDE OIL FUTURES: LONG FOR SHORT TERMHello,
Welcome to the quick update on CRUDE OIL FUTURES. It is currently trading at Rs 6430. After making a rally, it is currently retesting the last support.
We can see that it has taken support from Rs 6314 and it is acting as a strong support. We can take a long position in this future with a target of 6487, 6571, and 6715 for the short term and a long-term target of Rs 7039 to 7719.
ENTRY: 6381 to 6410
TARGETS: 6487, 6571, 6715, 7039, 7719
STOPLOSS: 6300
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
#crudeEducational video as how to identify a double top pattern.
A double top is a bearish technical reversal pattern which is not so easy to spot as one needs a confirmation of a break down point.
Question comes, How to identify the target of Double top pattern!
After the confirmation of the pattern, your minimum target is equal to the size of the formation. In other words, when a stock breaks out of a double top formation, the price target is the range of the formation added to the breakout level.
Crudeoil intraday levels for 15.11.2022Resistance level: 7035
Support level : 6915
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
CRUDEOIL CRUDE OIL JUST rejects the breakout level of 7250, continuously falling till 7000 . The next IMPORTANT SUPPORT is 6900 ; below it, we can see the level of 6780 to 6700 .
ABOVE important RESISTANCE is 7250 only above that we can see some buying.
BEFORE that we can look for SELL on RISE
Is Crude Oil forming wave (5) of its wave cycle?Is MCX crude oil downtrend a trap?
According to the Elliott Wave analysis on the crude oil daily chart, it has completed wave (4) and trying to move out from the Parallel channel’s (PC) control line (CL). If that successfully remains above CL, crude oil prices will hike from CL to the resistance line of the PC. That’s a direct call for target levels of 7800 – 8000 – 8360 – 8880+ for short-term investors.
Long-term investors must focus on the wave (5). Black gold will touch the level of 10000 and march for the level of 11000 on the 5th wave completion.
