Bullish divergence on crude On hourly chart, there's bullish divergence. Chance of upmove is increasing.
WTI1! trade ideas
Crude Short (31 Oct)Crude Short (31 Oct)
RSI-40
Sell at CMP- 7182
SL- 7273
Target- 7110, 7055
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Crude Oil (MCX): Monday - 31/10/22Levels:
Support: 7180-7160, 7120, 7000 (Solid Support, even in OI data)
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
Nearest Major Support in Crude per IO data: 7000
Trade setup:
1. Still by-and-large range-bound. However the range is shifted higher side.
2. New range: 7300-7000 (Price-Action data is matching with OI data)
3. Anyone wish to play hedge can go with a range-bound non-directional strategy of the following range.
A. buy 7500 CE (Nov-16 expiry) :
B. buy 6800 PE (Nov-16 expiry) :
C. sell 7400 CE (Nov-16 expiry)
D. sell 6900 PE (Nov-16 expiry)
Net credit - (i.e. you need not to pay, rather earn different of premiums): 70 per lot. (Margin you have to check with broker)
BEP (safe range): 7450-6850
Crude Oil (MCX): Friday - 28/10/22Crude levels for evening session:
-------------------------------------------------------
(Just sharing screen with levels - did not checked OI data).
If it goes above the red uptrendline ~7400 level, it will be bullish for sure.
Below 7125-7150 has good support.
Mota mota: 7100-7400 level for today.
#Crude Short (28 Oct)#Crude Short (28 Oct)
RSI-34
Sell at CMP- 7238
SL- 7342
Target- 7132, 7075
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#mcx #commodities #commodity
Crude Oil (MCX): Thursday - 27/10/22Levels:
Support: 7180, 7120, 7120, 7020
Resistance: 7290-7300, 7360-7400.
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 (1370 OI with 16% addition y'day)
Nearest Major Support in Crude per IO data: 7000 (2615 OI with 25% addition y'day)
Trade setup:
1. Yesterday there is a very good breakout above 7180 level with high volume.Which is a bullish indication.
2. The next crutial level to watch for is: 7300 (7230-7290 is the zone). If it sustains above it, 7400 is in the card.
3. Anyone wish to play hedge can go with a range-bound non-directional strategy of the following range:
A. buy 7500 CE (Nov-16 expiry)
B. buy 6600 PE (Nov-16 expiry)
C. sell 7400 CE (Nov-16 expiry)
D. sell 6500 PE (Nov-16 expiry)
Crude Demand and Supply [27th October 2022]
Crude is trading in no trading zone.We had marked corresponding demand and supply. When the market will reach either of demand or supply zone marked, we will plan our trade depend on candlestick or chart pattern.
Crude Oil (MCX): Wednesday - 26/10/22Levels:
Support: 7000, 6900, 6775
Resistance: 7100, 7150, 7220, 7275
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: 7000
Nearest Major Support in Crude per IO data: 7000
(These 7000 levels seem very important from crude, it has total 3600 OI across Call & Puts, 25% addition y'day)
Trade setup:
1. Today (26/10/2022, Wedesday) MCX is open in the evening slot (5:00 PM to 11:30 PM)
2. Crude is range-bound since last 3 trading sessions. Range is: 6900-7200.
My view on CrudeoilCrudeoil forming head & shoulder pattern. Below 6950-6900 it may nose dive.We are keeping on radar crudeoil 6800 PE.
My Assumption on Crude Oil November 2022, This is my assumption on Crude Oil and it may be 100% wrong in actual Trade. I am not a SEBI registered analysts and I do not encourage anyone to take trade on the basis of that. Please consult your Financial Advisor before entering into any trade. I just shared what I feel about Crude Oil in the coming days.
Crude Oil (MCX): Monday - 24/10/22This is done using the multi-timeframe, multi-period technique we were discussing last Friday’s call.
Chart:
Analysis:
Levels:
Support: 7000, 6900, 6750
Resistance: 7080, 7150, 7220
OI Data:
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: 7200
Nearest Major Support in Crude per IO data: 7000/6900
Trade setup:
1. Today MCX is open in the evening slot (5:00 PM to 11:30 PM)
2. Upto Daily timeframe Crude is sideways. The William Alligator is sleeping, so you should also sleep. Trading range: 6900-7200 for today.
3. So ideally you can do scalping. Any directional trade to be taken only above 6900-7200 breakdown/breakout.
shorting in crude oilShorting opportunity in crude oil. one can wait for retracement and breakout on small timeframe
CRUDE OIL FOR NOVEMBER 2022Possible Support & Resistance levels for Crude Oil in the month of November,2022,
Crude Short ( 13 Oct)Crude Short ( 13 Oct)
RSI-40
Sell at CMP- 7178
SL- 7255
Target- 7070, 7005
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Disclaimer- We are not SEBI registered advisor.
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CRUDEOIL chartDISCLAIMER THIS ONLY FOR EDUCTION PURPOSE downtrend happen again this to have for some time only again it move uptrend to ready for it
Crude Long ( 12 Oct)Crude Long ( 12 Oct)
RSI-46
Buy at CMP- 7315
SL- 7243
Target- 7375, 7412
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
crudeoilAlways follow Risk and Position Management❇️❇️
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Happy trading😊
crude oil going down OPEC production cut buying movement is over now, its good time to sell oil risk reward favorable. if break 90.40 and trade below this than it will come 86 on this week
Bearish Cypher pattern seen in crudeoil 7-10-2022It is Bearish Cypher pattern crudeoil daily tf can give good fall from coming weeks.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily.
(Color code for diagonal trendlines: green - bullish , red - bearish , black & violet reversal points, Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
CRUDE OIL BUY NOW 15 MINT CHARThello friends as you can see market breakout chart pattern so after 15 mint candle close after retest you have to buy position all target and sl all ready i give you thank.
note: after retest that candle then buy.
CRUDEOIL #Watchlist
#CRUDEOIL (5hr Chart):-CMP 7590 looking good for 7800,7900++, Only above 7630/7645 Hourly Closing.
#Disclaimer:-View shared is for educational purposes only.
Crude Buy Level for 6th Ocotber
Buy Crude Oil Above marked level.We can enter with 50 point SL and 100 point target
