mcx crude update blwbuy crude dips ion with sl 6490 tgt 6680++++ yes abv 6555 sustain will fire breakput on nymex wti chart let see wht happen
WTI1! trade ideas
Crude Oil on Fire ..Weekly bullish divergence seen 3 days beforeCrude oil bullish divergence is a valuable concept in technical analysis that can help traders identify potential trend reversals and make more informed trading decisions. This article will explore what bullish divergence is, how to spot it on crude oil price charts, and practical tips for incorporating it into your trading strategy.
Understanding Bullish Divergence:
Explain the concept of bullish divergence in detail, emphasizing how it occurs when the price of crude oil makes lower lows while the RSI indicator makes higher lows. Emphasize the importance of this pattern as a potential early signal for a trend reversal.
Identifying Bullish Divergence:
Provide step-by-step guidance on how to spot bullish divergence on crude oil price charts. Include annotated examples to illustrate the concept visually, making it easier for readers to understand and apply.
Confirming with Other Indicators:
Highlight the significance of using multiple indicators to confirm bullish divergence signals. Suggest pairing RSI with other technical indicators like Moving Averages, MACD, or Stochastic Oscillator to strengthen your analysis.
Timeframe Considerations:
Explain how the timeframe you choose can impact the significance of bullish divergence. Discuss the differences in signals and reliability between shorter-term and longer-term charts and how this may influence your trading approach.
Risk Management and Stop Loss:
Emphasize the importance of risk management when trading crude oil based on bullish divergence signals. Encourage readers to set appropriate stop-loss levels to protect their capital in case the trade doesn't play out as expected.
Fundamental Analysis:
Acknowledge that technical analysis, including bullish divergence, is just one piece of the puzzle. Encourage readers to also consider fundamental factors such as geopolitical events, supply and demand dynamics, and economic indicators that can affect crude oil prices.
Backtesting and Practice:
Suggest the use of backtesting to validate the effectiveness of the bullish divergence strategy over historical data. Encourage readers to practice on demo accounts before implementing the strategy with real money.
Real-Life Examples:
Share real-life examples of successful trades using bullish divergence in the crude oil market. This can help readers relate to the strategy and see its potential application in live trading scenarios.
Patience and Discipline:
Stress the importance of patience and discipline when trading based on bullish divergence. Remind readers not to rush into trades and to stick to their trading plan, avoiding emotional decisions.
Conclusion:
Summarize the key points of the article and reiterate the value of understanding and using bullish divergence in crude oil trading. Remind readers that mastering this powerful tool requires continuous learning, practice, and adaptability to changing market conditions.
CRUDEOIL --Oil on the Boil--Crude oil Daily setup
Best Buy between 5700 to 5900
stop below 5300
for the target near 7600
Crude Oil Looks BearishAs Per Technical Analysis Crude Oil Looks Bearish we can take short Entry in this.
Sell Crude Oil Below 6450, Stop Loss 6485, Target 6400,6380,6350
Only For Educational Purpose.
3rd rejection from same trend line with falling RSICrude price may find support b/w 6190 to 6130. below theses level price may fall further. if trend got broken in upward direction on closing bassis trend may reverse. 6500 level will be possible in second scenerio.
Crude Oil important levels to watch Crude Oil important levels to watch are as follows
#SUPPORT: 6080
#RESISTANCE: 6160
#buy above 6160 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6240
Target 2: 6320
Target 3: 6395
#Sell Below 6080 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below:
Target 1: 6000
Target 2: 5900
Target 3: 5820
Please note that each targets may act as a support and resistance so trade accordingly. Also, this is only an educational idea and not a buy or sell recommendation please follow your own trade setup before initiating any trade.
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Dubble Top & Rejection from 200 emaCrude oil price again rejected from 200 ema in 1 Day time frame.
In 4h time frame clear formation of double top & falling RSI. Price may retest 6000 level, below 6000 level 5700 may also be possible.
crude oil technicalCrude oil traded with range-bound sentiments, as it ended with a 0.75% loss, where the up move is possible while taking technical support of 6100, and if the 6500 levels are retested the sentiments may change, as per the 1D chart, it is in a "Right Angled Ascending Broadening Wedge", which indicates a sideways movement, and resistance is placed at 6316 and support at 6196, indicating that if support is broken, we can see further downside, up to the range of 6000 levels.
Research Report target
Buy Call -- Buy above 6236 for 6320-6350 Keeping SL 6204.
Sell Call -- Sell Below 6188 for 6159-6134 keeping SL 6209.
CRUDE PRICE REJECTION FROM 200 EMA1. Crude oil Price again got rejected from 200 EMA & respected longterm trendline in 1 D time frame.
2. Close below 6178 may drag the price till 200 ema in 4H time frame. that will be around 6000 level. Close below 6000 may drag the price further to lower trend line.
CrudeOil Important levels to watch !!Crudeoil important levels to keep an eye on according to hourly timeframe are as follows;
#Cmp= 6150
# Support = 6020
the region of 6040 to 6020 is acting as a demand zone which means price may bounce back from the region as majority of buying positions can be expected in the demand zone.
expected targets on downside after the break of support
Target 1: 5910
Target 2: 5820
# Resistance = 6190-6200
Currently the price is below the trendline resistance marked in red which means price may face some rejection at the trendline.
Expected target on the upside after the break of resistance
target: 6314
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Crude Oil will take fly now??Commodity Crude Oil will take fly now?? Marching 200EMA now. Very Positive centiment, Nifty in Bull mode. Lets watch after crossing 200EMA.
sell crude 6208@--20 sl 6239 tgt 6170--6128sell crude 6208@--20 sl 6239 tgt 6170--6128 yes crude looks tired at hhigher lvl seo slel on with tight sl
buy crude dips on 6220--6200 sl 6141 tgt 6280---6330-----buy crude dips on 6220--6200 sl 6141 tgt 6280---6330----- keep sl today inventory also brent crude may lift wti crude let see wht happen
interday--- buy crude dipsssss on 6070-60 sl 6022 tt 6130++++interday--- buy crude dipsssss on 6070-60 sl 6022 tt 6130++++ yes abv 73.80if sustain thna looks big boom 75$++++ yes dedcat bounc expect
Intraday Crude Oil Looks BearishAs per technical Analysis Crude oil looks Bearish and We can Sell near 6055-57 Level stop Loss 6075, Target 6010,5985
Only for Educational Purpose
CrudeOil Important Levels to watch ! Crude Oil Important short term levels are as follows,
#Support= 5880
#Resistance= 5960
Buy above= 5980 only after candle closing.
Sell below= 5870 only after candle closing.
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📉 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
