crude oilMCX:CRUDEOIL1! is taking support and also falling channel is there and if we draw fibo from DEC 2021. to. 8 march 2022 then we near 0.5% fibo ( 50% retracement )
if we cross channel we can see a good rally in upwards direction
MCL1! trade ideas
[Commodity] Crudeoil Channel and Market OverviewIn continuation of the previous trade , We need to close the trade and wait for re-entry on the selling point again or reversal of the trade.
Personally, I will root for the buy trigger.
[Commodity] Crudeoil Channel and Market OverviewExpecting a stock market crash if crude oil breaks upside from here further on.
But chance of that is low.
So expecting a crash in crude oil and rise in the markets. But neither buy side or sell side triggered!
Let's keep entry points both side.
crudeoil prediction for next 24hoursbuy place crudeoil 6850-6860 with sl of 6750 for 7040 and 7160. view valid till sl and tar. running price 6977 place open buy order
#CRUDEOIL Crudeoil 1hour time frame crudeoil has resistance at 7301-7280 levels if sustain this levels we can see can oil can fall till 7080 level just for educational purpose only
#CRUDEOIL Crudeoil broken major support levels in daily chart next support levels would be 6333 if sustain at this levels we can see upside move 6900 to 7550 levels if not sestina it may fall till 6000 - 5900 levels just a view for educational purpose only
crudeoil prediction for short termcrudeoil cmp - 7386. buy place 7220-7240 with stoploss of 7099 for single target above 7800
Crude short (11 Aug)Crude short (11 Aug)
RSI- 50
Sell at CMP- 7277 or at 7295
SL- 7340
Target- 7202, 7139, 7085
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CrudeOil 1HJust placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Also you can ask for my views on any chart.
MCX- CRUDE OIL - BUY MCX - Crude Oil - Swing BUY Setup
MCX:CRUDEOIL1!
After recent sharp fall in crude oil now it seems the market has made short term bottom in US Markets around 85 USD and now it seems it will start the sharp upside again .
Do Comment , share and "LIKE" if you find this info valuable to use .
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
DO OUR GOVORNOR KNEW EW??!!Explained on the chart. Believe it or not - is up to you. This is my personal opinion- not to be construed as a trading recommendation. Do due diligence. Follow your own method/system.
NOTE:- This is my first analysis on commodity. Like it or not- PRESS "LIKE" button to find gems in future.
CRUDE DAILY ANALYSIS - HEAD AND SHOULDER BREAKDOWN CMP 7092 Crude Daily Analysis – Head and shoulder Breakdown
CMP 7092
Target 6800- 6500- 6300-6000+
Time duration in 5-6 months
SL 8000 above candle closing basis
Good shorting levels 7550- 7750 around
buy side - crudeoilkeeping 7190-7200 as sl
looking for upside
more strong above 7330-40
trendline along with support, resistance levels keeping in mind
disclaimer - for study purpose only
Crude Oil as on 04 Aug 2022Crude is falling following descending channel.
Two major supports are at 7250 and 7175 on Daily time frame.
Below 7175 more steel fall expected.
Once give Breakout above Red resistance line and retest it, more upside move expected till 8000+ in coming weeks.
This is my personal view and is only for educational purpose only. Take your financial advisor advice before investing.
Happy trading :-)
