Get position For any Break The level21/11/2022 18:45
Crudeoil Strategy
Buy Above @6605
Target @ 6700-6750
Stop Loss @ 6550
Trade in Option Buy ATM Call
Sell Below @ 6510
Target 6400-6350-6250
Stop Loss 6600
Trade in Option Buy ATM Put
WTI1! trade ideas
Crude is topping out?Crude is showing a topping out sign ☢️
On the charts an inverted cup and handle pattern is more likely to break the whole uptrend.
Let's wait and watch whether it breaks or take a support and bounce back.
CRUDE OIL FUTURES: LONG FOR SHORT TERMHello,
Welcome to the quick update on CRUDE OIL FUTURES. It is currently trading at Rs 6430. After making a rally, it is currently retesting the last support.
We can see that it has taken support from Rs 6314 and it is acting as a strong support. We can take a long position in this future with a target of 6487, 6571, and 6715 for the short term and a long-term target of Rs 7039 to 7719.
ENTRY: 6381 to 6410
TARGETS: 6487, 6571, 6715, 7039, 7719
STOPLOSS: 6300
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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#crudeEducational video as how to identify a double top pattern.
A double top is a bearish technical reversal pattern which is not so easy to spot as one needs a confirmation of a break down point.
Question comes, How to identify the target of Double top pattern!
After the confirmation of the pattern, your minimum target is equal to the size of the formation. In other words, when a stock breaks out of a double top formation, the price target is the range of the formation added to the breakout level.
Crudeoil intraday levels for 15.11.2022Resistance level: 7035
Support level : 6915
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
CRUDEOIL CRUDE OIL JUST rejects the breakout level of 7250, continuously falling till 7000 . The next IMPORTANT SUPPORT is 6900 ; below it, we can see the level of 6780 to 6700 .
ABOVE important RESISTANCE is 7250 only above that we can see some buying.
BEFORE that we can look for SELL on RISE
Is Crude Oil forming wave (5) of its wave cycle?Is MCX crude oil downtrend a trap?
According to the Elliott Wave analysis on the crude oil daily chart, it has completed wave (4) and trying to move out from the Parallel channel’s (PC) control line (CL). If that successfully remains above CL, crude oil prices will hike from CL to the resistance line of the PC. That’s a direct call for target levels of 7800 – 8000 – 8360 – 8880+ for short-term investors.
Long-term investors must focus on the wave (5). Black gold will touch the level of 10000 and march for the level of 11000 on the 5th wave completion.
crude oil Demand and Supply For 14th November 2022 [updated]For Crude Oil demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order
to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
Crudeoil intraday levels for 14.11.2022Resistance level: 7180
Support level : 7103
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
crude oil Demand and Supply For 14th November 2022For Crude Oil demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order
to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
Crudeoil intraday levels for 10.11.2022Resistance level: 7094
Support level : 7038
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Next move - Crude Oil - MCX
Wait for order filling at the 7100 range to move up. It will enter zone by 11th Nov 2022.
Crudeoil intraday levels for 09.11.2022Resistance level: 7443
Support level : 7335
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Next move - Crude Oil - MCX
Expecting next move in Crude Oil - Option A. It may happen from tomorrow 09th Nov
Crude Oil (MCX): Tuesday - 08/11/221. Clear uptrend with good momentum buildup.
2. Buy on dips.
3. 7500 strikes (16th Nov) has max OI (~5k) - call + put
4. 7600 strikes (16th Nov) has next OI (2800) - call + put.
5. So it is quite expected to stay range bound (7450-7650).
HdfcAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
Crude Oil Daily H&S
Market can be bullish if it breaks the neckline of crude oil h&s pattern. Keep your eyes.
crude shows inverted head and shoulder in daily time framecrude shows inverted head and shoulder in daily time frame but still is not completed.if it breaks and retest above 7768 it can show 1400 points movement in 7 to 10 days after breaking days
90.50 is strong resistance for crudeCrude price reverse back from around 90.50 for 7 times in last 12 days. Today again it visited the hurdle and turned back. Interesting to watch .
Crude bearish Price is trying to take support at prior low but RSI is making lower low. Looking at scenario, we can guess that... Price can not sustain at these levels.
Crude Long (01 Nov)Crude Long (01 Nov)
RSI-55
Buy at CMP- 7257 or at 7240
SL- 7200
Target- 7340, 7379
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Crude Oil (MCX): Tuesday - 01/11/22Levels:
Support: 7250, 7180, 7130, 7000
Resistance: 7250-7275, 7300, 7400.
OI Data (16th Nov Expiry):
Highest OI Call in Crude per OI data: 7500
Highest OI Put in Crude per IO data: 6500
Nearest Major Resistance in Crude per OI data: 7300 (the CMP)
Nearest Major Support in Crude per IO data: 7000
Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
3. Crude is negotiating 7300 today. Above 7300, it will reach first 7330, then 7400 level.
4. The solid support is at 7000 level.
Trade:
1. Once 7300 is broken and a N pattern is created (i.e. 7300 is retested and hold), try with a 7400 CE (16th Nov expiry)
2. Around 7400 if resistance faced and retested (i.e. price unable to sustain above 7400), book the CE and try with a 7300 PE (16th Nov expiry)
Note: both of these are naked Commodity Options, so inherently risky (riskier than Bank Nifty)
