Technical analysis suggests that crude oil prices may find support at $84.40 and face resistance at $87.30, with similar levels identified for Crude oil MCX prices. A recommended trading strategy involves selling on any uptick around $86.20, with a target price of $85 and a stop-loss order placed above $87.30. This strategy aims to capitalize on short-term price...
crude oil is consolidating and heading to 7450.
If it closes above 7825 for more than 3 days it will head towards 10000.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult...
Broken out of the trendline. Weekly supertrend signalling a buy as well , EMAs compressing around 63-6400.
Iran threatiening to close Strait of Hormuz
War escalations all around the world (middle east)!
34% would just be the beginning.
Will be adding on dips upto 6760 MCX:CRUDEOIL1!
SL weekly close below 6263
Today, there were no trades in crude oil. I anticipated an upward movement, but it reversed instead.
According to the chart, if crude remains below 7100, it may be considered bearish.
A bullish signal is only confirmed if it rises above 7150.
Crude Oil (MCX)
Current Market Price: Approximately 7005
We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market.
We remain optimistic about crude oil's prospects today. Crude oil has...
Crude has made the double top and it has rejected from that level. Now if it break 7202 then there is possibility of price trying to fill the gap below. I have consider the candle stick pattern and trend analysis.
crude gap dwn open now looking short covring here yes if gap fill thna mkt abv 7160 looks 7250-7400++++ where support 7111 only break blw thna more other wise if hold abv support mkt up side only buy on dips with supporting sl
Timeframe: 1 Hour
Crude oil opened with a gap-up today, indicating bullish momentum.
The price faces resistance at the 7255 level, a significant barrier observed in historical price action.
Anticipation of a gap fill suggests a potential retracement to fill the void created by the gap-up opening.
Support is identified between the 7150-7130 zone, where buying...
W pattern in making
already reversed from Double bottom.
rest all levels are marked on the chart.
Breakout Based:-
Buy above 7702
SL 7418
Tgt 8789 - 9560 - 9997
Support Based:-
Buy near 7060
SL 6787
Tgt 7702 - 8789 - 9560 - 9997
This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI...
mcx crudeoil looking bullish gave breakout on daily chart 4month old resistance in upcoming days we can see 7500 and 7700
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful...
Weekly triangle pattern break out in Crude.
Entry: CMP
Stop Loss: 5658
Target 1: 7884
Target 2: 9635
Positive for: Companies with crude as an output. Examples are ONGC, IOC, RIL, OIL INDIA, BPCL, HPCL, ETC.
Negative for: Companies with crude as an input. Examples are ASIANPAINT, BERGER PAINTS, MRF, APOLLOTYRE, GSFC, TATACHEM, ETC.
More importantly rising crude...
On weekly chart Crude is forming bearish engulfing pattern and at Bhoomi Maya's red band i.e. where any sell entry is activated.
Target green bands 5761 as T1
