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Micro WTI Crude Oil Futures

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MCL1! trade ideas

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.
MCX:CRUDEOIL1!Long
by AmitGoel217
⛽ 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
MCX:CRUDEOIL1!
by NumroTrader
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.
MCX:CRUDEOIL1!Short
by Shalvisharma5
#Crudeoil update || 15 Mar 📆Date: 15 Mar 🕓TimeFrame: 4 hour Technically: 🔸Crude oil forms a rising channel after reaching resistance at 6767, beyond a bearish overbought condition. It now trends downward on the 4-hour timeframe. Target 1: 6578 Target 2 : 6500 As per the news: 🔸Energy agencies anticipate Q2 oil supply shortfall due to extended OPEC+ cuts. 🔸IEA optimistic on global demand, EIA raises US production forecasts. 🔸Permian Basin shale crucial; US output expected to hit record levels, per Commerzbank.
MCX:CRUDEOIL1!Short
by Shalvisharma5
Crude Oil Analysis: Potential Rally Ahead Towards 6800Hey Traders,I'm keeping a close eye on crude oil as it appears to be gearing up for an interesting move. Currently, it seems like crude oil is heading towards the $6800 mark.The key level to watch out for is the Chanmep level. If we see a breakout above this level, it could signal the start of a significant rally.Keep a watchful eye on the charts and let's see how this plays out!Disclaimer: This is just my personal analysis and not financial advice. Always do your own research before making any trading decisions
MCX:CRUDEOIL1!Long
by CyborgTradingHub
Crude Oil : Buy here Inverse Head & Shoulder pattern is BreakingCrude oil is very bullish, Buy here @6660 with Sl 6400 tgt 7450 Inverse Head & Shoulder pattern is Breaking Out Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
MCX:CRUDEOIL1!Long
by maneeshaggarwal