Base formed in Crude# CRUDE OIL
Simple price action. Base formed in crude oil near 6400 levels. Be long. Target 6000++++
RSI also confirming bullish view.
This is my view only.
I am not SEBI Registered.
Contract highlights
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Crude still some fall possible 5360-5350 important support Crude oil still buying missing , we can see 80-90 points more fall .
5350, 5280 support ,
5540, 5595-5615 , 5710-5730 resistance area
Crude updated levels buy near today low for positional Crude updated levels given on chart, buy on dip near today low updated levels given on chart.
russia Ukraine ceasefire will not be done easily .
Rate cuts geopolitical issues, tarrif will act both side move play safe , risk is high at current market scenario
READY FOR A SMALL SLIDE FOR 5700 IN CRUDEOIL5840 is a very strong registance for move up , There is a gap between 5719 TO 5700,
So price will try to cover the 5700 area for sl hunting,
Crude downside target done ,sell on rise given from 6145 Crude sell on rise given earlier before week start downside maximum target hit start buying few quantity near support given on chart.
Both side levels mentioned on chart
Crude sold at 6145 yesterday booked profit at 5910 Crude last week sold at 6145 , yesterday booked profit at 5910 ,
Updated levels given on chart currently at sell on rise
Comeback of seller towards 5900 Price has reached it uptimum Target after brok two resistance, It will Recover to below for Gathering new volume , Target wikll be 5900 soon.
CRUDEOIL NEXT TARGET POSSIBILITY 5900 SOONThere Is Support Area From 5762-5755, In Which Price Has Potential To Move Up With Strong Volume Again And Will Hit 5900 As 5900 Is The Key Resistance Area For The Crudeoil Chart,
Crude buy on fip near 5580-5600 upside target on chartCtude buy on dip near 5600, trade deal is positive for cude , US will impose more sanctions on russia oil will create more upside bounce.
Levels mention on chart trail 45-40 points sl amd buy on dip
Crude closing negative we can see fall if break Friday lowHow My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 2
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Crude Oil Futures (Sep 2016) is Aug 22, 2016.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Oil Futures (Sep 2016) before Aug 22, 2016.