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.
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
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
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.
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.
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
Crude is falling following descending channel.
Two major supports are at 7250 and 7175 on Daily time frame.
Below 7175 more steel fall expected.
Once give Breakout above Red resistance line and retest it, more upside move expected till 8000+ in coming weeks.
This is my personal view and is only for educational purpose only. Take your financial advisor advice...
1. The crude oil price difference is in a continuous decline, and it needs to be paid attention to.
2. The center of gravity is gradually shifting. In principle, yesterday's drop in crude oil prices failed to drive a sharp drop in commodities. Markets begin to shift and change from trading economic expectations.
3. If there is no major military conflict after...
![CRUDEOIL1!: [Commodity] Crudeoil Channel and Market Overview](https://s3.tradingview.com/9/9HUpZCY5_mid.png "[Commodity] Crudeoil Channel and Market Overview")
