MCX:CRUDEOIL1! buy sell levels for crude , short below support, buy above resistance break. avoid between current buy sell zones till breaks.
Classical double top rejection with Triangle patter. It may lead to Short or long as per the level suggestion. It has also volume profile which suggest more selling pressure.
Price action in ascending channel.. as there is no supporting news for crude oil to break resistance.
🔸Timeframe: 1 hour 🔸Bearish below 6485, bullish above 6515 🔸Anticipating a bounce from 6413 support; sustained bearish momentum may lead to further downside levels. 🔸WTI crude drops to $78.5/barrel for a second day. 🔸Demand concerns outweigh OPEC+ supply cuts' impact. 🔸China's 5% economic growth target and voluntary cuts influence market sentime
crude looking profit booking blw 6590 now once can take--sell crdue 6583@--6600 sl 6628 tgt 6528--6506
🔸Timeframe: 1 hour 🔸Crude most likey to touch the support at 6560 and move towards upward direction. 🔸OPEC+ may continue to cut oil production beyond Q1 to avoid oversupply. 🔸Commerzbank predicts oil prices will stay strong at $80 per barrel if geopolitical risks persist. 🔸Extending cuts until year-end would signal market tightness and positively impact prices.
📊 CRUDE OIL 20 MAR FUT LEVELS Analysis 🎯 Weekly Range: 393 ➡️ Buy: 6543.87, Avg Pos: 6497.5 🎯 Buy T1: 6880.87, Buy T2: 7031 ❌ Buyer SL: 6412.87 💰 Sell: 6451.13 🎯 Sell T1: 6395.13, Sell T2: 6245 ❌ Seller SL: 6582.13 Analysis: The CRUDE OIL 20 MAR FUT shows a weekly range of 393. A buy entry is suggested at 6543.87 with average position at 6497.5. Buy targets are...
Crude oil is in strong up trend, hourly indicators are showing a bottom near 6500.
Crude oil bullish on weekly chart. Took support on 200 EMA on weekly chart (White Line). W pattern in making. Demand Zone is marked as Green shaded horizontal area. Double Bottom is marked with 2 Stars which makes Demand Zone stronger. Resistances are marked as red horizontal lines (For Long Term). Stoploss is marked as orange horizontal line (For Long...
Crude oil is very interesting instrument Trying to make impulsive move after corrective wave if it crossess previous month high and sustains then bullish journey may continue
Timeframe: 1 Hour Strategy: Bearish Oil Price Decline: Oil prices extended losses due to a larger-than-expected increase in U.S. crude stockpiles, heightening concerns about sluggish demand. Stockpile Build: U.S. crude inventories rose for the fifth consecutive week, increasing by 4.2 million barrels, surpassing analysts' expectations. Elevated Interest...
WTI recently took support at the 20dma near 74.80 and is now heading higher in wave iii, which can take it to 88$. The rally may not end there as we should develop a five-wave advance. Oil is the outlier in commodities and often manages late-stage rallies before deflationary trends kick in. Stay prepared for an oil price spike in the coming weeks which can impact...
TimeFrame: 1 Hour Crude oil turning bearish, after inventory news Crude oil has shifted to a bearish stance in response to recent inventory updates. The market is now poised to descend towards a key support level at 6460, reflecting the impact of evolving supply and demand dynamics in the oil sector
Timeframe: 1 hour Strategy: Bearish Macquarie analysts forecast a 5.6 million barrel rise in US crude inventories. Refinery runs and domestic supply are expected to increase. Gasoline and distillate draws are predicted, while jet stocks remain stable. Implied demand is estimated at around 13.9 million barrels per day.
Crudeoil near 6318 is at hourly bottom as indicated by stochastics indicators.
on chart base looks blw 6440 crude dwn ward 6350+++++ sell on rise with tight sl 6529 or let see in inventory time
Timeframe: 1 Hour 📉 Crude oil poised for reversal post-resistance at 6542, with potential retest and move towards the next resistance at 6583. 🔹WTI crude prices stable around $78/barrel for the week. 🔹Initial 2% dip attributed to interest rate and demand worries. 🔹Strong US inflation data suggested higher borrowing costs. 🔹Market recovered as geopolitical...
🔹 Timeframe: 1 hour 🔹Bull above 6500 🔹CrudeOil may test resistance at 6568 per barrel, a break above could lead to a gain into 6500 range. US refineries resuming operations after outages, boosting demand. Weaker dollar makes oil cheaper for buyers, increasing demand. Geopolitical tensions add support to prices. But, US crude inventory build raises...