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.
Expecting Crude Oil Tgts Down side
Analysis done as per Volume Analysis in Trading view tool from Dec 20121 to till 06 th July 2022
TGT 1 - 7098
TGT 2 - 6631
Disclaimer: These are for learning purpose only. It is not a trading advise.
After a 2020 crude oil recovered and makes new all time high of 9996. Crude oil completed it's 5 wave impulse move in the month of march and from that time it's making a correction. As per current price action crude making a expanded c wave flat correction. Crude can go up to 6000 or may be lower than that but major strong support will be 5000.
The markets are falling down because of increased fear of recession. Recession affects everything, be it stocks or commodities like CRUDEOIL, NATURALGAS, SILVER, GOLD etc.
Energy sector fell drastically yesterday. Crude Oil fell about 11% whereas Natural Gas fell about 6%.
Crude Oil has a strong supply zone around 9300 according to the monthly timeframe from...
Crude Oil
Ichimoku Cloud Setup :
1). Today's close is below the Conversion Line
2). Cloud is broken with volume
3). Chikou span is slanting downwards
All these parameters are showing bullishness at CMP,
and more bullishness will be visible after it cross 1300.
If 96$ is broken then 87$ is very much possible. If sustain above 102$ then regain at 109$.
#This...
TRADING MANTRAS
1) I am patient in waiting for the market to come for me.
2) I know that not every day will be a trading day and I'm okay with sitting out until a setup appears.
3) I am gaining self-awareness around my strengths and weakness day to help me improve my trading.
4) I am choosing to become a professional trader by following my plan and managing risk.
MCX:CRUDEOIL1!
Trade Setup for 04-07-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
![CRUDEOIL1!: Simple Trade Setup | Crude Oil | 04-07-2022 [INTRADAY]](https://s3.tradingview.com/i/IVlvfjty_mid.png "Simple Trade Setup | Crude Oil | 04-07-2022 [INTRADAY]")
