Crude oil taking support in the same region marked in green for multiple times. for a decisive downside momentum from here crude oil needs to break the support region as per 15 minute candle closing basis. However, if crude oil manages to break the trendline resistance, the immediate upward target is marked in the chart with a red dashed line. and further upside...
After a sharp decline yesterday, crude oil managed to bounce back from the support zone. currently, crude oil broken out from trendline resistance as per hourly chart and sustained above the supply zone. Next immediate resistance or expected targets on the upside are marked in red line on the chart. Disclaimer: This is just a view and only for educational...
No Trade until Price BO either side... Happy Trading
Currently crude oil is trading near its support zone. a bounce back for the target marked in dashed line can be expected if it manages to close above the trendline resistance as per the 5 minute candle. trade with caution. follow your trading setup before initiating any trade.
sell crude blw 5790 sl 5829 tgt 5710-5630 yes trendline breakout showing some dwn side
MCX:CRUDEOIL1! Looks good for a trade on higher side recently got a good support at ₹5600 area. If the breakout went well with good volume and we can expect some move.
1. price bounced from 200 wema and back into consolidation area 2. 40 week downsloping trendline break and price sustained above it 3. price to attempt to break 21 week base breakout wait for structure change confirmation
BASED on ichimoku theory given upside targets disclaimer - trade @ own risk
Crude oil actionable areas are marked in the chart. Please trade on 15 minute candle closure on either side. if triggers for upside or downside...targets are marked in the chart. As this is expiry today trade with caution and focus on scalping !
Resistance Level at 5719: The price of crude oil has repeatedly faced resistance around the 5719 level in recent trading sessions. This indicates a potential exhaustion of buying pressure, suggesting a reversal may be imminent.
yestrady buy gvn crude hit 5750 chk buy msg noweys on 5777 if stya abv thna nx up side possible for dedcat bounce
pls chk buy gvn 5645-40 now done for interday--- if any reversal for dwn side will more update stya tuned with us
interday--- buy crude 5645@--40 sl 5608 tgt 5680-5710 yes looks some dedcat bounce before any decline
crude oil trading in support label 80% chances to down side watch to the marked label
Commodity Samachar, Pune – On Monday, we saw a drop in the crude oil rate just in the afternoon, but the reason behind it is something truly exciting. On Monday, the price of oil fell $2 just 2 days ahead of the US. FED meet. This was coupled with the concern about China’s fuel demand growth and Russian crude supply weighted on the market. As per several...
MCX Crude Oil: Will it Drop Below 5000 Before the Weekend? In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022 . Currently, the price is undergoing a retracement, approaching the key level of 50% . Following the peak, crude oil prices began to decline,...
One can try long here with small SL of 5550. As it is trendline support and it is going down since long we can see some good upmove
crudeoil 15 mins time frame good rejection at todays high. took 1:4 ratio. good profit booking at time.