Crude oil Trend Analysis for 17-2-2022This is my Crudeoil view for 17-2-2022, just for educational purposeLongby Elango-ragavanUpdated 1
crude oil feb fut long tradecrude oil feb fut long trade in 5 min inside candle Longby Rahultiwari21070
Crude Oil hit Fibonacci level and the 1Y trendlineCrude Oil hit Fibonacci level and the 1Y trendline. Will it breakout here or will undergo a correction? Below are few observations 1. 1Y trendline is hit for the 4th time in a time cyclic pattern perfectly. This is also the 1.618 Fib level for the Jan '20 - Apr '20 swing 2. Will the trendline breakdown happen this time? May not be as: - RSI negative divergence is observed - Volume is significantly lower today compared to last week 3. If the price direction reverses, it may take support at 6377 level which is 38.2 retracement for the Dec '21 - Feb '22 swing. 4. After retracement, price may hit 7400 level hitting the 6.5Y trendline. by kugan_velUpdated 0
Crude Butterfly with ABCD worksnotev csav cavavadvavgvsbvsfb gs gvsdvs vsvsvc a va va. v avdavfwegvsagsagasfv sa . Shortby SelvamaniK0
Short at Trendline/ Fib.LevelCrude is now in over brought zone , Short neat 7200 level Shortby Bharatk4u0
#crudeoil Future Trajectory 7000-7100 act as a major resistance range for crude oil above this range , it may test 7500 else ready for big fallby khichiajay0
CRUDEOIL POSSIBLE TO SELL#CRUDEOIL last trading session formed bearish patern, today it has our resistense zone, we can sell 4750 for the tgt around 6650' # once break 6785 and close(15min) it will move higher and high, higher level tgt 6880-6900 may see.Shortby SkandhaTrading0
Is crude oil facing major resistance?Crude Oil may be facing major supply in the zone 6913 - 6795.by IndexAceUpdated 1
CRUDEOIL SELL BELOW THIS RANGE#CRUDEOIL opened little gap up and support zone 6749-6795 and next support zone 6612. small resistense zone 6840-6862. #if it take sell this range it may move down side tgt 6750 and break 6749, positionally tgt 6612. #If break resistense level it may go up higher and higher Shortby SkandhaTrading2
MCX Crude Oil : Correction is Expected!!!Global crude oil prices have risen more than 14 percent in the past 30 days as traders see a continued rise in demand and supply fails to keep up. The 400,000 barrel per day output hike recently decided by Oil and Petroleum Exporting Countries is not expected to meaningfully bridge the gap between demand and supply. TECHNICAL ANALYSIS Crude oil has touched resistance recently and today it mace bearish harami candle on the peak near to its resistance which triggers downfall in crude oil. CONCLUSION Short crude oil with a stop loss of yesterday’s high. Very soon correction of 500 points can be seen from current levels. Shortby moneymarine5
MCX Crude oilSell crude oil below 6780 Target 6730 Sl 6830 On 15 min chart crude made a lower high formation Shortby NMCapital1
EWT: Will Crude Oil Reach 7000?Crude oil is forming impulsive waves ((5)). After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)). Wave B has crossed the high of wave ((3)), but wave B couldn't break the low of wave A. Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum. Price has exceeded the sub-wave B of wave ((4)). Sub-wave 4 of wave ((5)) is in progress. If their price breaks out the high of wave 3, we can expect the following target for final sub-wave 6697-6785-6865+ . It means the price has bullish sentiments above wave three and vice versa. Breakout of the parallel channel shows the weakness of the impulsive wave. Note that wave four can never overlap the starting point of wave 1.by forextidingsUpdated 2217
CRUDEOIL BUY (FEB) FUTBUY CRUDEOIL of Feb fut at the level of 6860 in intraday and keep stoploss of 6823 because from this level crudeoil has genrated pull back from this level two time so this will be our stoploss and target of 6930 and if anyone want to buy it for next week they can keep stoploss of 6714 and target of 7000 by next weekLongby avengersr96Updated 2
CRUDEOIL BUY FOR INTRACrudeoil opened around 6600 and high was 6649, now cmp 6605 it is an good support area for intraday trading, we can buy with small sl. CRUDEOIL BUY ABOVE 6608 AND SL 6584 TGT 6630-50.Longby SkandhaTradingUpdated 0
levels for crudelevels for crud.........................................................................by Demonofficial1
[ COMMODITY ] CRUDEOIL LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ******** **THIS IS A POSITIONAL TRADE**Longby Palkesh_AgrawalUpdated 2
Pre Market Analysis with Vikash BagariaDay Trading Ideas for the Day! Index support and resistance for the day!07:15by VBAGARIA20201
CrudeoilCrudeoil Sell below 6318 Target 6200,6114,6050 Stop loss 6368 day chart closing then closing position dont miss that Because reason crudeoil continue uptrend end up Friday closing hanging man pattern so use thisShortby Rajivgandhi7862
BUY SELL CRUDE OIL JON buy sell stock best signal prefect entry exit 80% best time 15 minutes by sutharjk830
crude long trendline break out w pattern trendline break out short term holding good rr quicks targets Longby shirkehanmant77110
MCX Crude looks spooked, shaken, and violently swirledSomething has spooked, shaken, and violently swirled the crude markets. What exactly is brewing with oil? The rising and strong trendline that began in Apr 2020, has been tested twice on the weekly time frame earlier. This week, it's simply taken out. Broken in one clean swipe. It's almost like a butcher's big solid knife has sliced through warm butter. That’s how the wide-ranging weekly bar with above-average volumes is describing itself to me. (Or maybe it's my hunger pangs that are causing me to view Crude so crudely. :-) ) Even though Crude is currently testing the rising 200dma, (which happens to be a strong support zone) the possibility of this zone holding appears rather bleak to me. The market and price action are always supreme. Yet, if this 200dma level holds, Crude may well continue to brew strongly and surprise me as well. How much the downside lies ahead if and when 200dma gives away? The ATH range of 5535-5719 has formed over a long period from Oct 18 and Jul 21. The manner in which it has given away is indicative of a likely sharp down move ahead. The Fibonacci supports of (23%) lie at 5100 and 38% lie at 4279. For Crude to continue brewing with interest and to stay strong, it needs to stay above the 4279 level. There are multiple supports here in this range from 4279 to 4565. This zone may well provide some support, albeit for a short bounce. It remains to be seen how this zone supports and shapes out ahead. This will define its future path. Such sharp reversal moves and the breakout failure often have a tendency to retrace to the extent of 50% (3622). Eventually, the 61% retracement level @ 2951 could well be a distinct possibility, if crude starts to trade below 4279 levels. At this point in time, these lower levels do seem far-fetched. Yet for now, these appear to be a distinct possibility IMHO. Time shall quickly tell if this is a strong brew or it’ll be weak and subdued. Cheers until then. Shortby amar_grUpdated 1