Indian Market UpdateToday we discuss Banknifty, Nifty and Crude and see where it can go in the coming days.
QM1! trade ideas
crude mcx or spot crucial update blw crude spot sustain abv 88$ looks up side 89--91$ again possible where strong support 85.50$ nly blw will create panic till 83.50--81$ -- in mcx sustain abv 7290 mkt up side only till 7250--7430++++ where support 7150 if stya blw thna dwn only till 7088--7055
CLX2023CLX2023 - NYMEX Source CFTC for US markets
Use Nasdaq Data
See attached spreadsheet CFTC Macro Analysis
This spreadsheet as the CFTC CoT Data as a well as the data sourced from ICE Europe for ICE Brent Crude Futures
CRUDEOIL UPDATE - OCTOBER 18If #Crudeoil slips below 7350, it's likely to enter a bearish zone, with the potential for consolidation between 7133 and 7350.
CrudeOil important Levels to watch !CrudeOil important levels to watch are as follows
#Support: 7045
Sell below: 7045 only on 15 minute candle closure below the level.
Target 1: 6930
Target 2: 6750
#Resistance: 7204
Buy Above: 7204 only on 15 minute candle closure Above the level.
Target 1: 7300
Target 2: 7460
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Scope for 7500Since crude is the center of attention of the ongoing crisis and also as we see that an order has been traded at that price range, Crude oil might retest the same level within this week session.
CRUDE update and sideways levelsafter volatile days and a breakdown price or trading in crude is likely to go sideways based on technicals and cahrting POV
(no news adjusted or considered)
so if you interested in tarding crude
buy at 6800-900 and sell at 7300-400
CROUDE OIL INTRADAY Trading 5minCONS
Stock is trading at 12.8 times its book value
Promoter holding has decreased over last quarter: -0.40%
CRUDEOIL 5MIN SOHORT SELLCONS
Stock is trading at 12.8 times its book value
Promoter holding has decreased over last quarter: -0.40%
CRUDE OIL MCX - OCTOBER 2nd Week PlanTime frame for study - 4 hr
Conclusion -
-- Continuous two Uptrend seen in crude till 7990 level
-- A correction wave of A,B,C seen till 6970 to 7010 levels for B wave
-- For C wave if any support taken near 6970 - 7010 then immediate target can be 7367 with some ups and down
This chart is only for educational purpose. Do your own study before taking any trades.
Crudeoil expected range this week(16 Oct - 20th Oct)Crude oil expected range this week: 7130 to 7400
Pullback expected in the midweek
Support at 7130
Resistance at 7400
crude oil in its last phase of correction next tar 6200-7600in.tradingview.com
crude in its last leg of correction.
2 year impulsive rally
1 yr corrective consolidation
positive div on rsi
hammer at bottom
abv 6200 tar 6800-7600-8100-10000-11111
till it doesnt cross 6200 it can oscillate between 6200-5500-5200
Can $MCX:CRUDEOIL1! will test 6950Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock MCX:CRUDEOIL1! I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 7280-7300 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 6900 In Downmove.
Resistance Levels to Watch out.
R1= 7250
R2=7320
R3=7380
Support Levels To Watchout.
S1= 7000
S2= 6900
S3= 6830
As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out.
Best regards,
Ajay Metha
whats next on crude? dont get into trapavoid LONG for crude as of now
price likely to face resistance on 7400 and 7500
price will look to sweep liquidity from 6800 lvl
fresh buying can be seen at 6652-50
buy crude stya abv 7190 tgt 7330++ looks buy crude stya abv 7190 tgt 7330++ looks buy only looks breakout abv 86$ till 87--88 sl keep 85$ looks dedcat bounce here dontmiss with lvl trade with lvl to lvl
sell crude 7035@--50 tgt looks 6910 sell on risesell crude 7035@--50 tgt looks 6910 sell on rise keep tight ls 7099 wti blw 85$ blw looks dwn only as per chart
Crude OilCrude is basically going for 2022 Highs. Geopolitical concerns will fuel this rally. I am aiming for 118.00.
Not Financial Advice(NFA)
crude spot or mcx update blw after yestrday falloutyes its gap dwn opened now eys on 85$ if stya abv thna expect 86-87$ or if hold blw 85$ thna sell on rise may be melt dwn tgt 82.20-81.30 thna after 78$ in mcx 7059 blw dwn only if find near 6980-7000 sell only with sl 7062 tgt 6868--6770 thna after more bear mode will update in trade hrs
[Commodity] Crude Oil Stop and Reverse TradeSmall SL. Small Risk. High Reward
Last trade ->
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Going For LONGCrude oil price may increase. It may happen very quickly as Israel- Palestine war going on .. good opportunity to buy future
Crude Oil Important Support and Resistance Level For 11-Oct-2023The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
CrudeOil Important Levels to watch ! CrudeOil important levels to watch are as follows
#Support: 6900
Sell below: 6900 only on 15 minute candle closure below the level.
Target 1: 6800
Target 2: 6680
#Resistance: 7000
Buy Above: only on 15 minute candle closure Above the level.
Target 1: 7065
Target 2: 7180
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
