triangle pattern in crude oilin crude oil the triangle pattern formed and waiting for the direction to breakout
M pattern also waiting for activation .. waiting for the breakouy
HIA1! trade ideas
Crude Oil (MCX): Monday - 06/02/23Levels:
Support: 6350, 6300, 6200
Resistance: 6450, 6500, 6650
OI Data (15th Feb Expiry):
Nearest Major Resistance in Crude per OI data: 6500
Nearest Major Support in Crude per IO data: 6300, 6200
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 6500 | 6400 | 6600| 6700
-----------------------------------------
SELL | < 6400 | 6450 | 6300 |6200
+++++++++++++++++++++++++++++++++++++++++
light crude oil,4hr,02.02.2023Crude perfectly followed the levels published with earlier idea
price is near a support level caution needed
Crude oil breakdownHi
The PA suggests that the crude is good to short right now. I had missed the opportunity to short the previous breakdown (which you can see in the trailing chart).
I made the chart well before but kept sleeping on it. Nevertheless, currently I am short on a 15 min timeframe.
Will review it on one hour later.
Possible Target Achieved for Crude OilAs analyzed earlier. Targets achieved with small Sl and Good Target Points.
My view on CrudeoilCrudeoil forming inverse head & shoulder
Looking tgt 6600-6650-6700
in very short term👆
Keeping on radar Crudeoil 6500 CE feb
Let see👍
light crude week reaching near a weekly support line so be watchful and trade according to price line
Crudeoil buying opportunity startBUY FROM 6315 FOR TGT 6711 IN A WEAK. Crude oil already retracement upto 0.78%
Light Crude, 31.01.2023, day & beyondpresenting my idea about Light crude and as commented
earlier, it is moving in down direction and following a weekly channel
with a support near about
Crude Oil Bullish Divergence in formationCrude Oil 1 hour time frame.. wait for candle closing .. bullish divergence will be formed if last candle closes green in strength.
Im not sebi register kindly make your own decision
Crudeoil reversal zones 30-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
light crude month and beyondlight crude levels for current month
and beyond
if found interesting pl give yr feedback
Light Crude Oil 4 Hr, 30.01.2023Presenting my idea of light crude oil for day
price opens somewhere mid of weekly channel
so, there is very possibility of decisive direction
looking "-ve "
but follow the lines,
RSI based Crude Oil StrategyRSI Based Strategy on commodity.
We can use RSI in two timeframe to identify Bullish and bearish sentiments.
5 & 15 Mins timeframe is best for intraday Trading.
Add two set of chart of RSI and make upper rsi band at 60 and lower rsi band at 40.
In 15 min timeframe, if upper band value greater than 60.it means we have to find out buy trade. And RSI lower band is less than 40, we have to find out sell trade.
Crudeoil reversal zones 27-1-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
crude looking good for a short rally1. a breakout on indicator
2. near to breakout on price
3. volatility contracting
good to go long for a short term
Crude Oil looks Extremely BullishCrude is bouncing from a very good Demand Zone in WEEK Time Frame and is near to the neckline of Inverted H&S in DAY Time Frame.
Buy when Breakout above Neckline
Buy above 6750
Tgt 7250 - 7600
SL 6500
Disclaimer: These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor before investing.
CRUDEOIL Buy with the cmp of 6675 sl of 6650 tgt would be 6775
because previous candle has closed above 6658 as a level and
closing above trend line 6631
Crudeoil reversal zones - 231-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
ROUNDING BOTTOM AT CRUDE OIL PRICEAccording to crudeoil price rounding bottom pattern started on june 2022 and it has touched bottom on dec'22 and it may come back to previous high on june'23
