CRUDEOILCrude presents a favorable risk-reward opportunity. Look for support around 6804, with targets set at 6903 and 6926 for potential gains.
TCS1! trade ideas
📈 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.
Oil head and shoulder pattern. Oil is in perfect range. It has reached resistance level of 83$.
Target in long term can be 72$ again.
crude mcx or spot update this week edu.purcrude spot stya abv 81.55 looks oom 82.40--83+++ in mcx 6768 stya abv looks zoom 6900++++++ yes eys on lvl or let see wht happen with chart -- if buy thna take support sl 80.80$ in mc x6666
Crude Oil MCX Future Weekly Analysis 18-22 Mar, 24📊 CRUDE OIL 20 MAR WEEKLY FUT LEVELS
Weekly Range: 399
- Buy at: 6613.58
- Buy Target 1: 6966.58, Target 2: 7119
- Avg. Position: 6566.5
- Buyer SL: 6480.58
- Sell at: 6519.42
- Sell Target 1: 6473.42, Target 2: 6321
- Seller SL: 6652.42
#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.
crude spot or mcx updatecrude stya abv 81.55$ looks up side 83--84$ in mcx stya abv 6755 or closed abv 2 days looks up side 6900--7000++++++ expecttt buy on dips with support sl on chart
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
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.
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crude spot or mcx updatecrude stya abv 6555 looks up si 6620--6640 buy on dips with strict support sl -- spot crude abv 79 looks 81++++
#Crudeoil Update | MCX | Mar 12
🛢️ Time Frame: 1 Hour
📉 Status: Bullish
📅 Date: 12.03.2024
🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range.
🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data.
🔸Expected
Traget 1 - 6554
Target 2 - 6584
Crudeoil Update || MCX - 11 Mar
Timeframe: 1 Hour
Strategy: Short
🔸WTI crude prices dropped to around $77 per barrel on Monday for the third consecutive session.
🔸Investor caution prevailed ahead of crucial US inflation data and monthly reports from OPEC and the IEA.
🔸Last week, WTI prices fell by 2.45% due to uncertainties in demand despite extended supply cuts by OPEC+.
🔸China's oil imports also declined by approximately 5.7%, reaching 10.8 million barrels per day in the first two months of the year.
🔸Oil-producing countries like Saudi Arabia and Russia, announced an extension of production cuts through the end of the second quarter.
⛽ Crude Oil MCX Future Weekly Analysis 11-15 FebCRUDE OIL 20 MAR FUT LEVELS
Weekly Range: 244 Points
💰 Buy at 6577.79
🎯 Buy Target 1 - 6609.79
🎯 Buy Target 2 - 6703
📈 Average Position 6549
🛑 Buyer Stoploss - 6496.46
💲 Sell at 6520.21
🎯 Sell Target 1 - 6308.21
🎯 Sell Target 2 - 6215
🛑 Seller Stoploss - 6601.54
CRUDE buy sell zones /levels intradayMCX:CRUDEOIL1! buy sell levels for crude , short below support, buy above resistance break. avoid between current buy sell zones till breaks.
Crude oil target 6200Price action in ascending channel.. as there is no supporting news for crude oil to break resistance.
#Crudeoil Update Mar 5 | Intraday MCX
🔸Timeframe: 1 hour
🔸Bearish below 6485, bullish above 6515
🔸Anticipating a bounce from 6413 support; sustained bearish momentum may lead to further downside levels.
🔸WTI crude drops to $78.5/barrel for a second day.
🔸Demand concerns outweigh OPEC+ supply cuts' impact.
🔸China's 5% economic growth target and voluntary cuts influence market sentime
crdue update blw 6590crude looking profit booking blw 6590 now once can take--sell crdue 6583@--6600 sl 6628 tgt 6528--6506
#Crudeoil Update | MCX | Mar 4
🔸Timeframe: 1 hour
🔸Crude most likey to touch the support at 6560 and move towards upward direction.
🔸OPEC+ may continue to cut oil production beyond Q1 to avoid oversupply.
🔸Commerzbank predicts oil prices will stay strong at $80 per barrel if geopolitical risks persist.
🔸Extending cuts until year-end would signal market tightness and positively impact prices.
Crude Oil MCX Future Weekly Analysis 4-8 March, 2024📊 CRUDE OIL 20 MAR FUT LEVELS Analysis
🎯 Weekly Range: 393
➡️ Buy: 6543.87, Avg Pos: 6497.5
🎯 Buy T1: 6880.87, Buy T2: 7031
❌ Buyer SL: 6412.87
💰 Sell: 6451.13
🎯 Sell T1: 6395.13, Sell T2: 6245
❌ Seller SL: 6582.13
Analysis:
The CRUDE OIL 20 MAR FUT shows a weekly range of 393. A buy entry is suggested at 6543.87 with average position at 6497.5. Buy targets are set at 6880.87 and 7031, with a stop loss at 6412.87. Conversely, a sell entry can be considered at 6451.13, aiming for targets at 6395.13 and 6245, with a stop loss at 6582.13. Traders should exercise caution and perform thorough analysis before initiating any positions.
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