Crude oil breakout in 30 min chart with good volumes.
Idea on base of closing point at ending session of today 29august2022.
HIgher degree correction in Crude oil Elliot wave in progress in crude oil wave X is as a leading diagonal, waveY is complete as corrective and wave Z is in progress.
MCX:CRUDEOIL1! is taking support and also falling channel is there and if we draw fibo from DEC 2021. to. 8 march 2022 then we near 0.5% fibo ( 50% retracement ) if we cross channel we can see a good rally in upwards direction
In continuation of the previous trade , We need to close the trade and wait for re-entry on the selling point again or reversal of the trade. Personally, I will root for the buy trigger.
Expecting a stock market crash if crude oil breaks upside from here further on. But chance of that is low. So expecting a crash in crude oil and rise in the markets. But neither buy side or sell side triggered! Let's keep entry points both side.
buy place crudeoil 6850-6860 with sl of 6750 for 7040 and 7160. view valid till sl and tar. running price 6977 place open buy order
Crudeoil 1hour time frame crudeoil has resistance at 7301-7280 levels if sustain this levels we can see can oil can fall till 7080 level just for educational purpose only
Sell crudeoil as per astro cycle.. target 6600 below
Crudeoil broken major support levels in daily chart next support levels would be 6333 if sustain at this levels we can see upside move 6900 to 7550 levels if not sestina it may fall till 6000 - 5900 levels just a view for educational purpose only
crudeoil cmp - 7386. buy place 7220-7240 with stoploss of 7099 for single target above 7800
Crude short (11 Aug) RSI- 50 Sell at CMP- 7277 or at 7295 SL- 7340 Target- 7202, 7139, 7085 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Crude oil looks good for a short term rally ahead of fed inflation data !
Just placed my idea in Position drawing. Red Zone: Resistance or Breakout Zone Grey Zone: Repeated Hurdles (Support/Resistance) Green Zone: Support or Breakdown Zone Note: BUY above Red Zone BUY at Green Zone. SELL at Red Zone or Trail at Grey Zone Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage. Also you can ask for my views on any chart.
MCX - Crude Oil - Swing BUY Setup MCX:CRUDEOIL1! After recent sharp fall in crude oil now it seems the market has made short term bottom in US Markets around 85 USD and now it seems it will start the sharp upside again . Do Comment , share and "LIKE" if you find this info valuable to use . Happy Hunting , Chintamani Disclaimer. I am not SEBI...
Explained on the chart. Believe it or not - is up to you. This is my personal opinion- not to be construed as a trading recommendation. Do due diligence. Follow your own method/system. NOTE:- This is my first analysis on commodity. Like it or not- PRESS "LIKE" button to find gems in future.
Crude Daily Analysis – Head and shoulder Breakdown CMP 7092 Target 6800- 6500- 6300-6000+ Time duration in 5-6 months SL 8000 above candle closing basis Good shorting levels 7550- 7750 around
keeping 7190-7200 as sl looking for upside more strong above 7330-40 trendline along with support, resistance levels keeping in mind disclaimer - for study purpose only