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
📊 Technical Analysis:
- Triangle breakout with minor consolidation
- MA supporting the bullish trend
📈 Trade Setup:
- Long position initiated at breakout
- Trade with Stop-loss
🚨 Disclaimer:
This is not financial advice. Trade at your own risk. Past performance is not indicative of future results. Consult with a financial advisor.
Crude Oil: Technical & Fundamental Headwinds
📆 Update - Mar 27
🕓 Timeframe: 1 hour
📈Technical Breakdown: A rising wedge pattern on the 1-hour chart has broken, potentially signaling a downtrend. (Your previous analysis is acknowledged!)
Target to be: 6690/ 6660
💲Price Drop: WTI crude futures fell to $81/barrel on Wednesday.
Inventory Surge: US crude...
🌐Timeframe 1 Hour
📅 Date: March 21
📉 Technical Analysis: Crude oil found support at 6724 and rebounded towards resistance levels, indicating resilience despite recent fluctuations.
📊 As per the news, oil prices remained stable despite previous declines, supported by unexpected drops in US oil stocks and concerns over Russian refinery attacks.
crude spot stya abv 81.55 looks oom 82.40--83+++ in mcx 6768 stya abv looks zoom 6900++++++ yes eys on lvl or let see wht happen with chart -- if buy thna take support sl 80.80$ in mc x6666
