MCL1! trade ideas
📉 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,
Crude Oil - Bullish CaseCrude Oil. Bullish Case :
COT reports JUST Started turning Bullish BUT yet not convincing.
Daily and Weekly Momentum turning Bullish.
Now if we get a SOLID WEEKLY close above the falling trendline (around 73.75), it could well touch 90 in coming weeks
Crude oil Future ( Next week Contract )Crude oil Future ( Next week Contract )
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entry: 5765
target: 5800 / 5830 / 5865 / 5910
stoploss: 5700
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enter only if market come again from "5810 to 5760".
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wait for proper reversal and conformation.
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don't be aggressive.
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refer old ideas attached below.
Crude oil futures ( 13/07/2023 )Crude oil Future ( Next week Contract )
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For " long "
entry: 5950
target: 5970 / 5990
stoploss: 5920
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For " Short"
entry: 5900
target: 5855/ 5755
stoploss: 5935
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enter only if market Breaks " No trade zone "
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wait for proper reversal and conformation.
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don't be aggressive.
.
refer old ideas attached below .
crudeoilpurepriceaction crudeoil formed bearish flag pettern based on that we can trade bearish side when we get good conformation on PE side. plan a trade accordingly
My view on crudeoilTrendline breakout possible in crudeoil.
Above 5910
Looking tgt 6000++ very soon
Keeping on radar Crudeoil 5900 CE
crudeoil side ways trading crude no tranding zone in longterm this move is side ways when break 6000 become in bullish trend
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.
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crude oil futures (30.06.2023)Crude oil
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entry: 5750
target: 5800 / 5850 / 5885
stoploss: 5720
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enter only if market breaks 5760
don't be aggressive.
Crudeoil M future ( Next week Contract )Crude oil M future ( Next week Contract )
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entry: 5765
target: 5800 / 5850 / 5885 / 5970
stoploss: 5700
.
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enter only if market breaks 5760
don't be aggressive.
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.
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.
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Bearish Harmonic Forming In Crude OilREAD CAREFULLY !!!
Crude Cmp - 5788
Bearish Bat PRZ - 5986/5991
SL - 6055
Target - 5830/5790
( It means Crude may move 200 points up from
here, so one can buy it with sl of 5724 )
Bearish Deep Crab PRZ - 6378
SL - 6431
Target - 6078/5990
( It means if crude breaks 6055 level it can
further move 320 points up )
crude mcx sustain blw 5550 sell on rise sl 5629 tgt 5508--5439crude mcx sustain blw 5550 sell on rise sl 5629 tgt 5508--5439 yes trendline breakout possible sel on riseee
A quick short opportunity in crude oil #crudeoilHey friends,
I hope you're all doing well! I wanted to share a quick opportunity in the crude market with you. Currently, the price is at level 5670, and the profit target is 5604. It seems like a promising trade, so I thought I'd let you know in case anyone is interested.
Feel free to reach out if you have any questions or want to discuss it further. Happy trading!
CrudeOil Intraday Levels 26-06-2023Crude oil immediate demand and supply zones are marked on the chart.
#Support: 5650.
#Resistance: 5750.
expected targets on the upside after break of resistance are marked in red!!
and
Expected targets on downside after break of support are marked in green !!
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inetrady-- sell crude bl 5670 sl 5711 tgt 5610--5578inetrady-- sell crude bl 5670 sl 5711 tgt 5610--5578 yes on interday chart blw 68.80 looks dwn fall yes on interday base sell on rise with trail sl risk reward ratio if favor
Crude oil intraday levels !Crudeoil short below the support level for immediate target marked in green line on the chart.
if crude oil bounced back from the support region immediate target on upside is marked in the red line.
Trade cautiously. Allow candle to close above or below the level to initiate the trade on either side.
crdue mcx or spot crucial update blwesy on 68$ i mcx 5600 sustain blw on 4th hrs chart u will see drag dwn 67--66.50 in mcx 5530--5510+++++ yes sell onr ise must with tight sl 5660 or spot sl 68.80
CrudeOil Intraday levels. Crude oil taking support in the same region marked in green for multiple times. for a decisive downside momentum from here crude oil needs to break the support region as per 15 minute candle closing basis.
However, if crude oil manages to break the trendline resistance, the immediate upward target is marked in the chart with a red dashed line. and further upside can be the selling zone from where crude oil rejected last time.
trade only on confirmation.
Disclaimer: This is just a view and only for educational purpose. follow your own trading setup before initiating any trade.
