QM1! trade ideas
Crude Oil intraday Levels !Currently crude oil is trading near its support zone.
a bounce back for the target marked in dashed line can be expected if it manages to close above the trendline resistance as per the 5 minute candle.
trade with caution. follow your trading setup before initiating any trade.
sell crude blw 5790 sl 5829 tgt 5710-5630sell crude blw 5790 sl 5829 tgt 5710-5630 yes trendline breakout showing some dwn side
Trendline breakout on Crudeoil MCX:CRUDEOIL1!
Looks good for a trade on higher side recently got a good support at ₹5600 area.
If the breakout went well with good volume and we can expect some move.
is the bearish phase over in crude?1. price bounced from 200 wema and back into consolidation area
2. 40 week downsloping trendline break and price sustained above it
3. price to attempt to break 21 week base breakout
wait for structure change confirmation
Crude Oil Intraday !Crude oil actionable areas are marked in the chart.
Please trade on 15 minute candle closure on either side. if triggers for upside or downside...targets are marked in the chart. As this is expiry today trade with caution and focus on scalping !
Crude oil short trade for intraday Resistance Level at 5719: The price of crude oil has repeatedly faced resistance around the 5719 level in recent trading sessions. This indicates a potential exhaustion of buying pressure, suggesting a reversal may be imminent.
yestrady buy gvn crude hit 5750 chk buy msgyestrady buy gvn crude hit 5750 chk buy msg noweys on 5777 if stya abv thna nx up side possible for dedcat bounce
crude rocked hit 5730 chk msg buypls chk buy gvn 5645-40 now done for interday--- if any reversal for dwn side will more update stya tuned with us
interday--- buy crude 5645@--40 sl 5608 tgt 5680-5710interday--- buy crude 5645@--40 sl 5608 tgt 5680-5710 yes looks some dedcat bounce before any decline
crude oil trading in support label crude oil trading in support label 80% chances to down side watch to the marked label
Is Crude Oil rallying its way to hit $140?Commodity Samachar, Pune – On Monday, we saw a drop in the crude oil rate just in the afternoon, but the reason behind it is something truly exciting.
On Monday, the price of oil fell $2 just 2 days ahead of the US. FED meet. This was coupled with the concern about China’s fuel demand growth and Russian crude supply weighted on the market.
As per several indications from market sources, they expect that the US central bank will leave interest rates unchanged when it concludes its 2-day monetary policy meeting happening this Wednesday.
In other news, Goldman Sachs has lowered its price estimate for Brent crude to under $90 per barrel by the end of 2023 after 2 previous reductions. This has been done due to the weak data arrived from China, one of the world’s biggest oil importers.
The final blow to crude oil came from news arriving from Iran. Oil prices fell in the Asian trade after Iran’s supreme leader said that the country was open to a deal with the West over its nuclear programme.
Ayatollah Ali Khamenei, the Supreme leader mentioned that a deal was a possibility if Iran’s nuclear infrastructure was kept intact. The comment by Khamenei paved the way for fear pertaining to a nuclear deal among oil traders given that it could flood the market.
Monthly Chart Outlook – Crude Oil:
On Monday, technical analysts at Commodity Samachar witnessed a rally going on up to a higher level from a lower level.
From that point onward, it hit a high of 123.66 points. After consecutive highs, there was a significant fall in crude oil prices. Currently, it is trading at a rate of $68.
However, we expect that it shall remain in between the $65 – $61 range and there will be a buying opportunity with a positional stop loss of $40.
Traders can initially see an upside target of $110 and it will stretch to $125. Finally, crude oil will rally and reach a magnificent high of $140. Traders will be able to see such a high level in the market.
All traders should anticipate something big on the way. A Fibonacci extension is being seen in the current crude oil chart.
The Fibonacci extension that’s forming will hit its first target of 0.38%, then it will follow the trend and hit 0.50% and the final target would be 0.61%.
For crude oil to reach its target, it shall be completing 24-36 months. We are expecting crude oil to reach a target of $140.
Crude oil’s Initial resistance at $75
many questions remain to be answered. We’ll be back with updates on this sensational news.
Commodity Samachar
Learn and Trade with ease
MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?
In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022 . Currently, the price is undergoing a retracement, approaching the key level of 50% .
Following the peak, crude oil prices began to decline, forming a parallel channel pattern. The price has been trading below this channel for over a year. Based on moving averages data, crude oil is expected to reach the support level of 5396, which is currently acting as a strong support zone. A potential reversal may occur around the "control price line" from the 0.5 level of the Fibonacci retracement.
If crude oil breaks the key retracement level and consistently closes below it, the following target levels may come into play: 5200 - 5000 - 4700.
CrudeOne can try long here with small SL of 5550. As it is trendline support and it is going down since long we can see some good upmove
crudeoilcrudeoil 15 mins time frame good rejection at todays high. took 1:4 ratio. good profit booking at time.
Crudeoil longVery nice consolidation pattern triangle formed in crude oil 🛢️ 5800 to 5700 level is looking good support zone try to buy near lower trendline next expiry...
sell crude stya bwl 5885 tgt 5810-5740sell crude stya bwl 5885 tgt 5810-5740 yes sell on rise stya bwl 71$ looks sahrp correction sl will be 5955
crude crucial udate blw mcx or nymexCrude views--- already in low mkt rise up side or hold blw 5860 than it melt dwn 5777-5730 expect ---- if mkt up than will more update ys blw 70.50 bear hand in crude looks 69.80--69$ soon
Bearish Harmonic In Crude OilSell PRZ - 5924/5935
Add More Sell If Price Rise To 5977/5990
SL - 6021
Target - 5800/5760
