MCX CRUDE ANALYSIS Amazing profit delivered by crude short call given around 6100 level.
Wait for further action in crude.
Could not update post earlier due to higher fluctions.
CLF2030 trade ideas
RIsky Trade trying to catch falling Knife - Crude fut cmp 5665 RIsky Trade trying to catch falling Knife -
Crude fut cmp 5665 buy for target 5700- 5715- 5745- 5775- 5800+
SL below 5549
Crudeoil analysis based on pattern and trendlineRounded top formation in Crudeoil
If top has reached then it may fall
SL should be 6290
Volume is rising price is falling it may lead to further fall till 200 EMA or 50 EMA support zone
CRUDE LEVELSCRUDE LEVELS.......................................................................................... SELL ON TOP
.....................................VIEW IMPORTANT ......................................................................................................LEVELS.........................................................................................................................................................................................................................
Crude Oil
Crude oil has support at 5930 and resistance at 6055. Sustainable trade below 5930 can see more downside towards 5920…5870 levels.
Crude oil shortCrude oil short
Sell at CMP- 5940-5950
SL- 6072
Target- 5910, 5887, 5858
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
CRUDE OILOne can go long at current levels or in dips (if any) with stop loss of 5880
for targets of 5990, 6050, 6100, and 6150.
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
Crude oil shortCrude oil short
Sell at CMP- 6055
SL- 6095
Target- 5986, 5949, 5910
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Crude oil shortCrude oil short
Sell at CMP- 5940
SL- 5988
Target- 5890, 5835
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
buy crudeoil nov fut at 6022so buy crudeoil it is an future buy of nov and keep sl of 5950 and keep target of 6070 it is an intraday call but you can keep it as shoterm also if target do not hit and iam have successful trade in gold m so iam confident in call and crudeoil going to hit target
SELL TODAY BUY TOMORROW MCX CRUDE OILCrude Oil is hovering around 6030 on MCX.
Sell crude Oil around 6030 for a target of 5800.
We are not responsible for any loss or even porfits you incurr on our suggestions.
Charts and views are only for educational purpose.
Crude oil shortCrude oil short
Sell at CMP- 6066
SL- 6120
Target- 6023, 5982,5925
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Crudeoil Double Top Pattern Crudeoil heading for doubletop pattern might consolidate between 6500 5360 .. 1st tgt 6980/2nd 7180
CRUDE LEVELS FOR THE DAYABOVE RED zone target is next red zone/ Below green zone target will be next green zone
Structure TradeCrude oil let's see how it goes waiting for break and retest both the side if the structure is broken up side and a retest then will trade there if the structure is broken down side then we see a retest then we will trade on down side
Crude oil LongCrude oil Long
Buy at CMP- 6115
SL- 6071
Target- 6183, 6231, 6311
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Crude oil LongCrude oil Long
Buy at CMP- 6120
SL- 6067
Target- 6183, 6231, 6311
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
MCX Crude Oil Elliott Wave Cycles Point More Upside
Price had made extreme low at 795 on 20 Apr '20.
It had started a quick recovery after an inviolable bottom-out. Due to bearish sentiments and no evidence of the verified bottom, It had constructed 2nd wave correction. The second wave retraced 38.2% of wave 1, which indicates a sturdy bull trend is ahead!
The acceleration phase lasted for 246 days and, the Fibonacci extension of wave 3 was 161.8% of the wave.
The public participation increased when the price had broken up the high of the first wave. It has the signal for bulls that crude was likely to make a new high.
After the acceleration phase, the price has corrected the bull phase with a double zigzag. It had retraced 38.2% of wave 3.
This correction was sharp in comparison with 2nd wave.
According to the above chart,
Wave 2 has taken 89 trading sessions to correct wave 1.
Wave 4 has taken 45 trading sessions to correct wave 3.
Wave 4 was a surprising disappointment for the bull traders.
Here, wave 3 is not a power extended because it hadn't moved across wave 1.618% of wave 1.
According to the Elliott wave principle, commodities are more often extending at the 5th wave.
Currently, the price has made a new high of 6428 .
Price has entered the corrective phase.
It is constructing the 4th sub-wave of the impulsive wave ((5)).
There are two possibilities,
1. If the price breaks the parallel channel, we can expect 50% to 61.8% retracement for wave 4.
Be aware of the fake breakout!
Remember, entry is also not possible without an exact reversal signal.
Caution: Wave 4 can never overlap the starting point of wave 1.
2. Price is on the control line of the base channel.
The safe trader can enter the buying position when price breaks the wave B.
Be connected with me to get intraday updates.
Next Forecast Crude continue to show an Side ways Pattern suggest its entering in time based pattern , One can Look to trade with in this side ways in Nov and Dec Futures
Good luck
Crude Oil | Head & Shoulder PatternAfter a long rally and a series of higher highs & higher lows we are seeing Head & Shoulder pattern at the top of chart in CRUDE suggesting some correction in prices. MACD has also shown divergence, untill the price stays below neckline of the pattern we can see more decline in prices of Crude till 5900 to 5700. Break of the neckline and right shoulder will invalidate the pattern.
MCS Crude Oil Technical AnalysisAt present Crude Oil on MCX is trading around 6210 with a day low of ₹ 6197 and made a high of ₹ 6244. Crude oil remained under pressure this week globally.
If we talk on technical side, Crude Oil was running in a fixed channel since Septmber 2021, but on October 27th 2021, it closed below support line and yesterday on 28th Oct, it opened at 6180 with a gap opening of almost 200 points down from its previous day's high.
OPPORTUNITY
You can short crude oil around 6240 today with a stop loss of ₹ 6336 for a taget of ₹ 6065-5990.
Sell Signal at MCX Crude oil FuturesToday Sell Signal generated at MCX Crude Oil in the range 6360-6380. Long position holders check your positions.
