Crude🌟 buy 6533 stop 6470 tgt 6640Mcx crude 6533 to 6640 target
100 points from here ..upside so buy
CL1! trade ideas
CRUDEOIL MCX -If doesn't cross above 7000 level and closes with strong volume in remaining august series ,then might see fall up to 6000 levels in coming weeks .forming a ascending triangle .might possible go for a third touch correction towards rising trend line .
crude mcx update blw--take chance--- sell crude sell on riseeeeeee sl 6679 tgt 6480--6400+++ yes on daily chart looking falling window pattern may be fall dwn badly keep sl or sell
CRUDE OIL FUTURES (MCX) we have seen good volatility in crude in last two week
as price was trending both sides
again there is CHOC in the 1h chart as price made the correction and came back towards the higher time frame demand
i am expecting a pullback or a retest towards the reversal of medium time frame
which is 6600
with sl 6500 below the higher time frame demand zone
( or you can sl as per your trading style, and risk management)
the target will be same highs but there will be pullbacks from the lower high made when price was declining it is wise to use TSL if you are going for bigger trade and positional one
or else the trade im looking for has risk to rewards of 1.3
dont buy directly if the price reached the mtf demand zone wait for the price to make some bullish candle stick pattern or form minor higher high and higher low
ill update when the trade activates
CRUDE OIL - head & shoulder formation ....Crude Oil - Head & shoulder formation is there.. let us see the price action below the level 6600
Crude buy above 6650 stop 6610 tgt 6700 next 6730Crude intraday wise shows upside expect ..tgt 1 6700
Tgt 2 6730...
CrudeOil Important levels to watch!Crudeoil important levels to watch are as follows
#Support: 6600
Sell below: 6600 only on 15 minute candle closure below the level.
Target 1: 6570
Target 2: 6520
#Resistance: 6675
Buy Above: 6675 only on 15 minute candle closure Above the level.
Target 1: 6740
Target 2: 6860
#Demand Zone: 6600-6620 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 6740-6770 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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Crude Oil Prices may take correction although the main trend is positive.
Selling till 6680 /6620 expected with SL above 6840
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Crudeoil Important levels to watch. Crudeoil important levels to watch are as follows
#Support: 6810
Sell below: 6810 only on 15 minute candle closure below the level.
Target 1: 6740
Target 2: 6670
#Resistance: 6890
Buy Above: only on 15 minute candle closure Above the level.
Target 1: 6950
Target 2: 7030
#Demand Zone: 6810-6820 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 6870-6890 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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crude mcx crucial update blwyes on crude 6765--60 if hold abv thna mkt again mark 7000--7100+++ only blw 6760 stya than think correction till 6720--6680--- yes risk taker can buy on dipss with strong support sl more update soon stya tuned with us
gold silver crude nifty or bank nifty update blw all mktgold silver crude nifty or bank nifty update blw all mkt which belong to mcx nse comex also stya tuned with us wia whtsup have patience who stuck wrong side tell here
Crude oil formed double bottom breakout at 6830 tgt 7460 -7690Crude oil seems to have formed double bottom and is trading above neckline
1. RSI daily and weekly above 60
2. Breakout point at 6830
3. Rounded bottom on daily chart
Buy on Dips for a TGT of 7460 - 7690
SL can be either below 6830 or below point "C "
Disclaimer: I am not an expert, I just share interesting charts here. Ideas shared are not in any manner an advisory to trade. Please seek expert opinion before investing / trading because investment / trading in market is subject to market risks. I do not hold any position in crude oil as on date.
Crude Oil Inventory Data and Market Analysis:Crude oil inventory data was released on Aug 8th, with expected storage of 0.567M barrels.
Actual storage reported was 5.951M barrels, indicating an oversupply compared to expectations.
The disparity between expected and actual storage suggests potential market shifts.
Supply and Demand Impact:
The surplus in crude oil supply suggests weaker demand or increased production.
Oversupply can lead to downward pressure on prices due to more available oil than the market needs.
Technical Analysis and Price Trends:
Crude oil has been trading in a rising channel, indicating an upward trend within a specific range.
Price trends suggest that the market has been favoring higher crude oil prices.
Divergence in Data and Price Trends:
A notable point is the divergence between inventory data and price trends.
This could mean other factors beyond supply and demand are influencing the market.
Factors like market sentiment, geopolitical events, and speculation might be at play.
Waiting for Clarity:
Given conflicting signals, a cautious approach is advised.
Waiting for more information or confirmation is sensible before making trading decisions.
Rapid market changes and various influencing factors must be considered.
CrudeOil Important Levels to watchCrudeoil important levels to watch are as follows
#Support: 6880
Sell below: 6880 only on 15 minute candle closure below the level.
Target 1: 6830
Target 2: 6795
#Resistance: 6960
Buy Above: 6960 only on 15 minute candle closure Above the level.
Target 1: 7020
Target 2: 7085
#Demand Zone: 6880-6910 may act as a buying zone and price may bounce from the region marked in green on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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Does $MCX:CRUDEOIL1! Oil will Break resistance ?As Per daily chart Analysis and technical Analysis Looks Like MCX:CRUDEOIL1! will face Resistance near 6900-6910 level if its break then another Resistance Will be 7150-60 and if its break with volume then possibly it will test 7600,7700 level.
Option Trade buy Crude Oil 6950 CE 17 Aug Near 95, Sl 55, target 160,190
Time Frame 5-7 Days
Best regards
Ajay Metha
crude crucial update after sky rockeddcrude nxt up side in my view only sustain abv 7015 or close abv thna 7160-7300++expect yess let see wht happen geopolitical tension rise in black sea more update soon if any doubt tell in cooment
CrudeOil Important levels to watch. Crudeoil important levels to watch are as follows
#Support:6915
Sell below:6915 only on 15 minute candle closure below the level.
Target 1:6850
Target 2: 6770
Target 3: 6670
#Resistance: 6965
Buy Above: 6965 only on 15 minute candle closure Above the level.
Target 1: 7040
Target 2: 7090
#A bearish harmonic pattern has been drawn on the chart along with its entry and stoploss level. As per the pattern it can be expected that price may face rejection at the top. Once the top is taken off again it is recommended to exit short positions or the top can be used as a stoploss.
#Demand Zone: 6620-6650 may act as a buying zone and price may bounce from the region marked in green on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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Crude - MCX Stay Long above 6970.
So long as 6970 is not broken, stay Long. 6984 is a crucial level, if this is not broken, expect a target of 7074.
It is only for educational purpose. Author is not registered Analyst with SEBI or any other Regulatory authority. Does Analysis based on GANN, Waves , Fibonacci and uses his own Leading indicator.
It makes analysis and execution very easy.
Happy to share
gold silver crude all gvn yestrday almsot hit full hope u enjoygold silver crude all gvn yestrday almsot hit full hope u enjoy nxt move ready soon stya tuned with chart or lvl wll update here
