short crude oil small sl good reward short crude oil small sl good reward analysys shared educational purpose
5A1! trade ideas
Crude oil IN Range Bound Crude oil is currently trading in a range between 6000 and 6100. If it crosses that threshold, it will reach 6200, 6300, or 6500. If it drops the 6000 barriers and holds it, it will hit 5800-5700 -5500 in the coming days.
Multiple Bearish Pattern Confluence in CrudeOil Chart (Daily)
Dotted green line: A pennant broken in downside
Blue line: Head and Shoulder Pattern
Purple line: M pattern (double top which is coinciding with down trendline).
Crude Oil (MCX): Thursday - 08/12/22Supports: 6000, 5940, 5850, 5750
Resistance: 6080, 6150, 6275
OI Data:
Max Calls are in 6500 (9.2K). Then 6200 (5K)
Max Puts are in 6000 (3.7K)
Overall, sideways, in the consolidation.
#Crude under pressure #Inverted cup & HolderThe latest EIA data showed crude stocks fell by 5.187 million barrels last week, while analysts expected a 3.305 million drop. Still, fears about a potential global recession-driven demand downturn continued to hang over the market.
On the supply front, OPEC+ decided to stick to their existing policy of reducing oil output by 2 million barrels a day from November through 2023. Investors were also assessing the impact of the latest sanctions on Russia, including a price cap and a European Union embargo on seaborne imports of Russian oil.
Technically, Crude can witness level of 5400
Crude Oil (MCX): Wednesday - 08/12/22Support: 6080, 6000
Resistance: 6150, 6250, 6350
View: Sell on rise. Too much call Open Interest addition is seen.
Now where to sell (on rise)? 6250-6275 is perfect level to short. Next is 6350 level.
OI Data:
Call writing are havoc. 6100 (2.8K), 6200 (3.5K), 6300 (4.1K), 6400 (4.6K), 6500 (8.1K).
Put writing: 6100 (2.5K), 6000 (3,5K)
Crude oil possibilities.Looks like crude oil is in complex correction which has crossed 100% and might touch 1.27 (5914) or 1.382 (5593) level and reverse..
Possibilities:
1. It might take support at 5854 level which is 0.786 retracement level from recent low-high
2. It might take a support at lower trend line which is coinciding with 1.27 level.
If sharp move from 5914 or 5593level then it might make to another ATH
This is just my view please make your own analisys and trade safe
Crude Oil (MCX): Wednesday - 06/12/22Supports: 6300, 6250, 6050
Resistance: 6400, 6500, 6650, 6775
OI Data: From 6400 to 6600: 13K calls are sitting. Definitely bearish. 6500 has 5.2K calls sitting.
Max PUT (hence support) is at: 6000.
So the level has shifted downward .. 6500-6000.
Crude Oil (MCX): Monday - 05/12/22Levels:
Support: 6500, 6350, 6250, 6050
Resistance: 6650, 6780
OI Data (15th Dec Expiry):
Nearest Major Resistance in Crude per OI data: 6600 (2.3K), 6700 (2.5K)
Nearest Major Support in Crude per IO data: 6500 (2.4K), 6400 (2K)
Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
Trade:
1. Looking at the OI data, it's going to be range bound : 6400-6700
2. So from OI perspective, this Option Strategy shall work for 15th Dec Expiry:
Strategy: Iron Condor (range bound)
BUY Call 7000, BUY Put 6100
SELL Call 6900, SELL Put 6200
All Dec-15 Expiry.
Crude Oil (MCX): Friday - 02/12/22Supports: 6500 (Very Important - Fib 61.8%), 6325-6350, 6200, 6075
Resistance: 6650-6680 (Very Important - Fib 78%), 6775-6800
OI Data: Call OI Changes: 6600(2.2K), 6700(2.5K), 6800 (2K), 7000(5.6K)
PUT OI Changes: 6500 (3.2K), 6400 (2.6K), 6200 (2K)
So from OI perspective, this Option Strategy shall work for 15th Dec Expiry:
Strategy: Iron Condor (range bound)
BUY Call 7000, BUY Put 6100
SELL Call 6900, SELL Put 6200
Crude Oil (MCX): Thursday - 01/12/22Supports: 6500, 6325
Resistance: 6680, 6750
15th Dec Expiry OI Data Point:
Major Call writing are in:
6800 : 2K
7000: 6.5K
7100: 2K
Major Put writings are in:
6600: 1680
6500: 3400
Buy Crudeoil for short termCrudeoil is Bullish In short term
it shows trendline brake out
Bullish Divergence in Both RSI & MACD
WTI: Bears Are Outnumbering BullsWTI has been forming a flat A-B-C correction.
According to Elliott's wave projection, the oil future looks bearish.
Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal.
The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal.
If you are a safe trader, you can trade after the breakdown of wave 4 at 110 . Your target will be 105-99-93 .
Aggressive traders can sell when the price falls below 119 .
If it goes above the parallel channel, wait for levels to appear.
Thank you
@Money_Dictators
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
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.
