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WTI Crude Oil 6 Month Spread SyntheticWTI Crude Oil 6 Month Spread SyntheticWTI Crude Oil 6 Month Spread Synthetic

WTI Crude Oil 6 Month Spread Synthetic

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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.
MCX:CRUDEOIL1!Long
by Shalvisharma5
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
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
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
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
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?
MCX:CRUDEOIL1!Short
by Shalvisharma5
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
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
1
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.
MCX:CRUDEOIL1!Long
by Marketik
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 ✨ 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! 🚀❤️ #CrudeOil #CrudeOption #CrudeFuture #MCX #MCXLevels #OilFuture
MCX:CRUDEOIL1!
by NumroTrader
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
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
1
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
MCX:CRUDEOIL1!
by NumroTrader
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
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
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!
MCX:CRUDEOIL1!Short
by Shalvisharma5
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.
MCX:CRUDEOIL1!Long
by Shalvisharma5
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.
MCX:CRUDEOIL1!Long
by Shalvisharma5
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
MCX:CRUDEOIL1!Long
by harshit22
Crude oil sell on rise we will see 6330 , SL 6750 sell active 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
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
WTI Crude Oil’s pullback appears elusive beyond $78.00WTI crude oil pares the biggest daily gain in a week while posting mild losses near $79.50 early Tuesday. Even so, the black gold holds onto the previous trading beyond the 200-SMA and a downward-sloping resistance line from late April. Also keeping the energy buyers hopeful are the bullish MACD signals and upbeat RSI (14) line. It’s worth noting, however, that a 15-week-old horizontal resistance area surrounding $80.50-81.00 appears a tough nut to crack for the bulls. Following that, the quote will aim for the late April swing high of around $84.50 before challenging the yearly high marked in April near $87.70. Alternatively, the WTI crude oil’s further decline could highlight the seven-week-old resistance-turned-support line surrounding $78.50 for sellers. However, the energy bears remain off the table unless witnessing a clear downside break of the 200-SMA support of nearly $77.90. Following that, the previous monthly bottom of $76.15 will try stopping the downside before allowing sellers to challenge the yearly bottom of $72.48 marked earlier in June. Overall, the WTI Crude Oil price remains on the bull’s radar unless portraying successful trading beyond the 200-SMA. The upside move, however, needs validation from $81.00 and the fundamentals.
NYMEX:CL1!
by MTradingGlobal