MCL1! trade ideas
Crude Oil: Bullish Momentum ContinuesCrude Oil (MCX)
Current Market Price: Approximately 7005
We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market.
We remain optimistic about crude oil's prospects today. Crude oil has recently experienced a notable breakout, leading us to believe that it may reach levels of 7260 and 7590 in the coming days.
For the time being, we will set our stop-loss at 6670, and upon reaching the levels of 6900-6910, we may consider adding positions.
Stay tuned for further updates as the market progresses.
Crude Analysis and projection for 05/04/2024 eveningCrude has made the double top and it has rejected from that level. Now if it break 7202 then there is possibility of price trying to fill the gap below. I have consider the candle stick pattern and trend analysis.
crude oil intraday levels for tradingMCX:CRUDEOIL1! watch crude below 7155 for short trade till 7102 zone
CRUDE OIL 20 APR WEEKLY MCX FUT/OPTIONS LEVELS 📊 CRUDE OIL 20 APR WEEKLY FUT LEVELS
🎯 Weekly Range: 404.00
📉 Buy at: 7141.67
🎯 Buy Target 1: 7533.67
🎯 Buy Target 2: 7688.00
📉 Average Position: 7094.00
🛑 Buyer Stoploss: 7007.00
📉 Sell at: 7046.33
🎯 Sell Target 1: 7034.33
🎯 Sell Target 2: 6880.00
🛑 Seller Stoploss: 7181.00
crdue mcx or spot update education purposecrude gap dwn open now looking short covring here yes if gap fill thna mkt abv 7160 looks 7250-7400++++ where support 7111 only break blw thna more other wise if hold abv support mkt up side only buy on dips with supporting sl
#CrudeOil update | MCX | 5- 7th April Timeframe: 1 Hour
Crude oil opened with a gap-up today, indicating bullish momentum.
The price faces resistance at the 7255 level, a significant barrier observed in historical price action.
Anticipation of a gap fill suggests a potential retracement to fill the void created by the gap-up opening.
Support is identified between the 7150-7130 zone, where buying interest is expected to emerge.
Trend Analysis:
In the short term, crude oil is exhibiting bullish momentum, supported by the gap-up opening.
However, the resistance at 7255 suggests a potential reversal or consolidation.
Technical Indicators:
Moving Averages: The 50-day and 200-day moving averages may act as dynamic support levels, reinforcing the overall bullish bias if the price remains above them.
Relative Strength Index (RSI): Currently, the RSI indicates overbought conditions, suggesting a potential pullback or consolidation in the near term.
Trading Strategy:
Long Opportunity: Traders may consider entering long positions if the price successfully breaks above the 7255 resistance level, targeting higher price levels.
Short Opportunity: Alternatively, a short position could be initiated if the price fails to sustain above the resistance level and breaks below the support zone of 7100.
Crude Oil (MCX) BullishW pattern in making
already reversed from Double bottom.
rest all levels are marked on the chart.
Breakout Based:-
Buy above 7702
SL 7418
Tgt 8789 - 9560 - 9997
Support Based:-
Buy near 7060
SL 6787
Tgt 7702 - 8789 - 9560 - 9997
This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI registered.
Happy Trading.
CURDEOILmcx crudeoil looking bullish gave breakout on daily chart 4month old resistance in upcoming days we can see 7500 and 7700
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
Weekly Triangle Pattern Breakout in CrudeWeekly triangle pattern break out in Crude.
Entry: CMP
Stop Loss: 5658
Target 1: 7884
Target 2: 9635
Positive for: Companies with crude as an output. Examples are ONGC, IOC, RIL, OIL INDIA, BPCL, HPCL, ETC.
Negative for: Companies with crude as an input. Examples are ASIANPAINT, BERGER PAINTS, MRF, APOLLOTYRE, GSFC, TATACHEM, ETC.
More importantly rising crude prices is bad news for economy as inflation is likely to continue to remain elevated. With higher than normal predicted summer temperatures, electricity bill for end users is likely to remain elevated.
Crude oil bearish engulfingOn weekly chart Crude is forming bearish engulfing pattern and at Bhoomi Maya's red band i.e. where any sell entry is activated.
Target green bands 5761 as T1
crude abv 6920 or 83$ update edu. purposecrude spot eys on 83 looks up side 84--85 BMV:IN mcx 6920 styaa bv looks 6980--7040 buy on dips with support sl 6881
Crude Oil - MCXCrude oil Support around 6850, targeting 6955, with attention to a potential bullish reversal signaled by the BUTTERFLY pattern.
Crudeoil(1/4/24)Crude oil is likely to reverse from this level in a harmonic Pattern..only for educational purposes.
Crude Oil Analysis - Triangle Breakout 📊 Technical Analysis:
- Triangle breakout with minor consolidation
- MA supporting the bullish trend
📈 Trade Setup:
- Long position initiated at breakout
- Trade with Stop-loss
🚨 Disclaimer:
This is not financial advice. Trade at your own risk. Past performance is not indicative of future results. Consult with a financial advisor.
⛽ Crude Oil MCX April Future Weekly Chart Level 1-5 April, 24 🛢️ CRUDE OIL 20 APR WEEKLY FUT LEVELS by Trading Marcos
🎯 Weekly Range: 200
📉 Buy at: 6846.6 | Average at: 6823.0
🎯 Buy Target 1: 7032.6 | 🎯 Target 2: 7109.0
🛑 Buyer Stop-loss: 6779.93
📉 Sell at: 6799.4
🎯 Sell Target 1: 6785.4 | 🎯 Target 2: 6709.0
🛑 Seller Stop loss: 6866.07
#Crude #CrudeOil #CrudeOption #CrudeFuture #MCX #MCXLevels #OilFuture
Don't forget to reciprocate your love by boosting and following #Trading Marcos
Crudeoil | MCX | update Mar 27Crude Oil: Technical & Fundamental Headwinds
📆 Update - Mar 27
🕓 Timeframe: 1 hour
📈Technical Breakdown: A rising wedge pattern on the 1-hour chart has broken, potentially signaling a downtrend. (Your previous analysis is acknowledged!)
Target to be: 6690/ 6660
💲Price Drop: WTI crude futures fell to $81/barrel on Wednesday.
Inventory Surge: US crude inventories unexpectedly surged by 9.337 million barrels, the highest in a year.
Supply Concerns Waning? This inventory build could indicate easing supply concerns.
🆘Geopolitical Uncertainty: However, Ukrainian attacks on Russian refineries and Middle Eastern tensions create market unease.
Today's Crude Oil levels as per my analysis -Education Purpose As per my analysis today's Crude Oil levels, please consider this ONLY for Education Purposes.
Thank you.
CRUDEOILCrude presents a favorable risk-reward opportunity. Look for support around 6804, with targets set at 6903 and 6926 for potential gains.
📈 CRUDE OIL 20 APR WEEKLY FUT LEVELS📈 CRUDE OIL 20 APR WEEKLY FUT LEVELS
Weekly Range: 230
⬆️ Buy at 6810.14, Avg. Pos. 6783
🎯 Buy Target 1: 6888.14 | Target 2: 6976
🛑 Buyer Stoploss: 6733.47
⬇️ Sell at 6755.86, Seller Stoploss: 6832.53
🎯 Sell Target 1: 6603.86 | Target 2: 6516
#CrudeOil Update || MCX || 21st
🌐Timeframe 1 Hour
📅 Date: March 21
📉 Technical Analysis: Crude oil found support at 6724 and rebounded towards resistance levels, indicating resilience despite recent fluctuations.
📊 As per the news, oil prices remained stable despite previous declines, supported by unexpected drops in US oil stocks and concerns over Russian refinery attacks.
