After getting height in 1st half, now its trying to achieve more height.
In down side - good target after break down & retest.
Upper side - breakover at 7900 try to reach 8000. then next 8200.
Crude Long (26 July)
RSI- 71
Pole and flag
Buy at CMP- 7865 or around 7845
SL- 7811
Target- 7923, 7970
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MCX Crude Oil Futures MCX:CRUDEOIL1! giving signs of exhaustion after recovering from downfall .
expecting the fresh sell off trend to begin for potential targets zone . As per the Pattern expect the selling pressure to remain below 7800 levels .
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Happy Hunting ,
Chintamani
Disclaimer....
Hello and welcome to this analysis on MCX Crude Oil.
The overall structure of sideways consolidation now appears to be set for a rally which could break the falling trend line.
Expecting it to bounce back to 8400 as long as it does not break below 7500
MCX:CRUDEOIL1!
MCX : CRUDE OIL FUTURES (Trade Setup on Hourly Charts)
A Buy Setup is emerging for Long Trades with suggested Stop loss levels on chart . Interested members can look into it or analyse the trend as it unfolds . Not a recommendation to buy/sell .
Do "LIKE" the analysis if you like to appreciate my work . Attaching many related ideas i posted...
hello friends as you can see in crude oil 1 hour chart if breakout down site then you can take sell position because in 15 mint chart head and shoulder pattern is there if break preserves day low then take sell position thank you please like and comment me.
