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
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...
Sell Area - 7980 - 8000 Sl - 8030 Tgt - 7650 Pure price action game
Breakout Level 8000 for 8PM I identified as per technical analysis.
Oil can again go back to it's high or even higher with good momentum.
mcx crude hourly chart, bull wedge is about to break out. Target is big, watch break out level.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
A clean channel can be seen and we can see 8300 if it breaks above channel. Please note this is my observation only. Always consult with your financial advisor before taking any trade.
Crude Oil ready to move as US market. Upper target 8000 & Lower 7800.
Seems that Crude broken the channel 0.78 % resistance and marching Upward. Can go Long with a Targets of 8000 and 8300 and sl 7754
sell crudeoil place @ 7780 - 7790 keep stoploss 7910 target 7520 cmp-7676
After closing of indian market next big movement possible. It's up to 0.3 & 0.6 level.