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CSX1! trade ideas

crude oil technicalCrude oil traded with range-bound sentiments, as it ended with a 0.75% loss, where the up move is possible while taking technical support of 6100, and if the 6500 levels are retested the sentiments may change, as per the 1D chart, it is in a "Right Angled Ascending Broadening Wedge", which indicates a sideways movement, and resistance is placed at 6316 and support at 6196, indicating that if support is broken, we can see further downside, up to the range of 6000 levels. Research Report target Buy Call -- Buy above 6236 for 6320-6350 Keeping SL 6204. Sell Call -- Sell Below 6188 for 6159-6134 keeping SL 6209.
MCX:CRUDEOIL1!Long
by Shubh181995
CrudeOil Important levels to watch !!Crudeoil important levels to keep an eye on according to hourly timeframe are as follows; #Cmp= 6150 # Support = 6020 the region of 6040 to 6020 is acting as a demand zone which means price may bounce back from the region as majority of buying positions can be expected in the demand zone. expected targets on downside after the break of support Target 1: 5910 Target 2: 5820 # Resistance = 6190-6200 Currently the price is below the trendline resistance marked in red which means price may face some rejection at the trendline. Expected target on the upside after the break of resistance target: 6314 Follow us to get timely updates of such insightful ideas. Give it a like if you appreciate the idea. queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
📉 Short Opportunity in Crude Oil from Level 6000! 🛢️Hello traders! We have identified a potential short opportunity in crude oil from the level of 6000. Here's why: 1️⃣ Technical Analysis: The price of crude oil has recently reached a key resistance level around 6000, which has historically acted as a strong barrier for further upside movement. This suggests that there might be a reversal in the near term. 2️⃣ Overbought Conditions: The Relative Strength Index (RSI) and other momentum indicators are indicating that crude oil is currently overbought. This implies that the buying pressure might be exhausted, opening the door for a potential decline. 3️⃣ Fundamental Factors: Considering the current global economic situation and geopolitical tensions, there are several factors that could potentially weigh on crude oil prices, such as supply concerns, changes in demand, or shifts in energy policies. Based on these factors, we believe there is a short opportunity in crude oil from the level of 6000. However, it's crucial to conduct your own analysis and manage your risk accordingly. Remember to set appropriate stop-loss orders and take-profit targets to protect your capital. Trading involves risks, and it's essential to be diligent and disciplined in your approach. Wishing you successful trading,
MCX:CRUDEOIL1!Short
by TRADING-NASA
Crude oil important levels to watch `Crudeoil important demand and supply zones are marked on the chart. #Target on the upside after break of resistance is marked in red line. #Target on the downside after break of support is marked in a green line. What is demand zone? In simple words, demand zone is the price area having highest buying potential. What is supply zone? In simple words supply zone is the price area having highest selling pressure. Follow us for more such content and give us a like to motivate us.
MCX:CRUDEOIL1!
by InvestyourAsset
Crude oilBuy crude oil 5755 to 5750 tgt 5850 sl 5710 Crude Oil Technical Report, 30/06/2023 : Enrich financial 30 Jun 10:12 Enrich Financial Technical Outlook Crude oil traded with bullish sentiments, as it ended with a 0.21% gain, where the upward movement has come post strong US economic data, and the recovery for the commodity looks underway, where we can expect a range of 5900-5693 in the upcoming sessions if 5939 levels are retested we may see recovery and as per the 1D chart, it is technically broken a "Descending Broadening Wedge", and indicated a sideways movement, and resistance is placed at 5854 and support at 5602, indicating that if support is broken, we can see further downside, up to the range of 5500 levels. Research Report target If able to sustain above 5780 buy for targets 5814-5851 while keeping an SL of 5721, sell if breaks below 5703 sell for targets 5635-5600, keeping an SL of 5739. Crude oil Technical chart As Reported By Enrich Financial Provided by Market Pulse Technologies Pvt. Ltd. Disclaimer: The views expressed by the analyst in this document are of their own, and not that of Market Pulse Technologies Pvt. Ltd. (MPTPL) or any of it associates or subsidiaries. The information contained herein is from publicly available data and sources believed to be reliable. This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Nothing in this document should be construed as investment or financial advice, or to be construed as a solicitation or recommendation to buy or sell the securities/ commodities referred to in this document. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities/commodities referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. MPTPL, its associate or subsidiaries and employees shall not be liable in any manner for the loss/damage that may arise to any person from any inadvertent error in the information contained in this report. MPTPL makes no representation or warranties, express or implied as to the accuracy or completeness of the information, provides no guarantees whatsoever and shall have no liability towards any person for losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
MCX:CRUDEOIL1!Long
by Shubh181995
Crude oil important levels to watch. CrudeOil important levels as per 15 minute time frame are as follows. #Current Price: 5748 #Support: 5540 #Target on downside: Upon break of support expected ultimate target on downside can be 5300-5320 levels. #Resistance: 5770 #targets on upside: Upon break of resistance, expected targets on upside are 5840, 5960. trade only on trigger. Keep SL as per your risk appetite. Please follow us for more such educational ideas, and give us a like if you like the information.
MCX:CRUDEOIL1!
by InvestyourAsset