#crude can buy crude , Best buy near 6190 .
and if sustain above 6320 then we can see other 200 points Rally!!
CLG2023 trade ideas
MCX CRUDE OIL TRADING STRETAGYCrude oil is running in a channel.
Crude oil is moving in a fixed channel. If you get a chance to buy near support line go for long in crude oil, as mentioned in earlier blogs we are bullish on crude oil untill it achieves a target of ₹ 6500.
Do follow our stop loss stretagy.
Double topWeekly Timeframe analysis shows a double top
It's quite dangerous now to take any long position
Just wait for retest of 1st target
If support broken continue till 3rd
Most probably 4th won't be achieved
But let's see in favour it happens thn sign would be 3rd support broken
#Crudeoil Oct Short#Crudeoil Oct Short
Sell at CMP- 6090
SL- 6124
Target- 6005, 5970, 5925
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
CRUDE IS SIDEWAYS1. RSI is in overbought zone.
2. DOJI candles with lower high
3. upside 60400 target,
4. not week but one should enter when cross the all time high, or brent cores 84$ and close.
5. trading above weekly CPR.
high chances of retracement .
Crude View for crude
Can buy 6100ce looks good for tomorrow can reach 6200+ in future
Risk reward is more than 1:1.5
CRUDE OIL TREND ANALYSISTECHNICAL ANALYSIS
In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December.
Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021.
Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in July 2021 ( shown in blue colour in graph) confirm the double top pattern with a resistant of ₹ 5600.
On October 4th 2021, it gave closing at ₹ 5825 (above its major support of ₹ 5600) for the first time after Oct 2018 that confirmed the upward moment of crude oil.
CONCLUSION
We do not suggest you to make any fresh short position in crude oil at this level. However, making any long position at this level would also be very risk as the prices are not certain at this level, however levels around ₹ 6500 can be seen very soon in crude oil on mcx.
Crude Going StrongCrudeoil is on a strong uptrend. Good buy on a dip on daily charts. COT Data still strong. Comments on chart
Crude oil Oct ShortCrude oil Oct Short
Bearish engulfing candle
Sell at CMP- 5921
SL- 5978
Target- 5872, 5822
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
CRUDE OIL RETEST GO FOR LONGMX: CRUDEOIL1!
crude oil break resistance and take retest support go for long
Sell Crude Oil 5523/- Crude rally looks need some breath , sell it ! looks like highs will hold for a bit
CRUDE MIGHT GO HIGH1. Cup and handle pattern on daily chart. ( handle is in under construction.)
2. china energy crisis.
3. rising dollar $$
4. increasing bond yield
5. OPEC countries are unable to increase crude production as per demand
All above are the indication of crude might see new high. one should look opportunities to buy.
CRUDE Buy levels...04.10.2021 ( 1hr candle) Crude breaks the trend line in up side, once its breaks previous resistance(5675) it will move on 5750-800
It's a perfect Time 2 Buy CRUDEOILIt's a perfect Time 2 Buy CRUDEOIL
Because
RSI value is grater than 61.80 and 200 SMA 1.618 StdDiv Upper Band Just Crossed in Weekly Time Frame as Shown in Picture...
It's and Original Idea Of Born4Trade Called NEXT GENERATION SETUP, Try Our Script for it... Thank You remember It's an Idea /-
Current CrudeDo and book profit and this probability of profit and small SL
This educational suggestion
CRUDE OIL SEP shortCrude oil Sep Short
Medium term trendline break
Sell at CMP- 5541
SL- 5601
Target- 5503, 5475, 5443
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
CRUDE Levels...28.09.2021 (1Hr Candle)Crude travelling in Trend line...once its breaks 5500 sell trend started....or its breaks previous high 5605 it moves 5800+ in short term
Crude oil at important zoneA short trade can be taken if rejects from resistance for target upto, a long trade can be taken if breaks above the resistance
