Crude Oil hit Fibonacci level and the 1Y trendline. Will it breakout here or will undergo a correction? Below are few observations 1. 1Y trendline is hit for the 4th time in a time cyclic pattern perfectly. This is also the 1.618 Fib level for the Jan '20 - Apr '20 swing 2. Will the trendline breakdown happen this time? May not be as: - RSI negative...
crude abcd pattern buy reversal, harmonic patterns . easy to trade
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Crude is now in over brought zone , Short neat 7200 level
7000-7100 act as a major resistance range for crude oil above this range , it may test 7500 else ready for big fall
#CRUDEOIL last trading session formed bearish patern, today it has our resistense zone, we can sell 4750 for the tgt around 6650' # once break 6785 and close(15min) it will move higher and high, higher level tgt 6880-6900 may see.
Crude Oil may be facing major supply in the zone 6913 - 6795.
#CRUDEOIL opened little gap up and support zone 6749-6795 and next support zone 6612. small resistense zone 6840-6862. #if it take sell this range it may move down side tgt 6750 and break 6749, positionally tgt 6612. #If break resistense level it may go up higher and higher
Global crude oil prices have risen more than 14 percent in the past 30 days as traders see a continued rise in demand and supply fails to keep up. The 400,000 barrel per day output hike recently decided by Oil and Petroleum Exporting Countries is not expected to meaningfully bridge the gap between demand and supply. TECHNICAL ANALYSIS Crude oil has touched...
Sell crude oil below 6780 Target 6730 Sl 6830 On 15 min chart crude made a lower high formation
Crude oil is forming impulsive waves ((5)). After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)). Wave B has crossed the high of wave ((3)), but wave B couldn't break the low of wave A. Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum. Price has...
BUY CRUDEOIL of Feb fut at the level of 6860 in intraday and keep stoploss of 6823 because from this level crudeoil has genrated pull back from this level two time so this will be our stoploss and target of 6930 and if anyone want to buy it for next week they can keep stoploss of 6714 and target of 7000 by next week
levels for crude//////////////////////////////////
Crudeoil opened around 6600 and high was 6649, now cmp 6605 it is an good support area for intraday trading, we can buy with small sl. CRUDEOIL BUY ABOVE 6608 AND SL 6584 TGT 6630-50.
levels for crud.........................................................................
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Day Trading Ideas for the Day! Index support and resistance for the day!
Crudeoil Sell below 6318 Target 6200,6114,6050 Stop loss 6368 day chart closing then closing position dont miss that Because reason crudeoil continue uptrend end up Friday closing hanging man pattern so use this