Crude Oil (MCX): Monday - 02/01/23Supports: 6540, 6480, 6430, 6375, 6300
Resistance: 6600, 6625, 6670, 6715
From OI Data Most crucial point is 6500. It has max PUT and Calls.
QMK2024 trade ideas
Happy New Year 2023The past year might be full of ups and downs, but we can hope the coming year is profitable, and kind to all traders.
Happy New Year’s Resolutions 2023
Do Practice Everyday
Plan a monthly or weekly budget
Find a chart and perfect place where you can do your trades
Do Improve your strategy
Treat yourself every now and then
Spend time with learning material that make you profitable
Learn a new skill every 3 months
Delete and unfollow those not catering to you to become a better trader
Write a log note every day
Start positive talk with yourself and others
Drink more water and lessen the alcohol
Avoid smoking and reward yourself each time with something better
Fix sleeping time, as it will improve your waking-up time
Plant some greens around you
Do yoga 7 times a week
Be kind
If you have decided on any of the above, then do let me know. I hope the year brings a positive change in you and takes you to wherever you desire to go.
Crudeoil reversal zones 30-12-2022Note: 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.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). 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.
Crudeoil reversal zones 29-12-2022Note: 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.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). 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 (MCX): Wednesday - 28/12/22Supports: 6530, 6420, 6320
Resistances: 6700, 6850
OI Data:
Major Resistances (Call writings): 6600, 7000
Major Supports (Put writings): 6500, 6400
It's going to be rangebound: 6500 to 6650 range. Buy around 6500, sell around 6650.
Crudeoil reversal zones 28-12-2022Note: 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.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). 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 (MCX): Tuesday - 27/12/22Supports: 6520, 6420, 6320
Resistances: 6700, 6850, 6950
Per OI Data:
Supports: 6500 (3K Puts)
Resistances: 6600, 7000
Overall Trend: Positive.
Crudeoil Reversal zones for 26 Dec 2022Note: 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.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone). 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 Important Level's
Support levels - 6400, 6210, 5855.
Resistance Levels - 6850, 7166, 7589.
Crude Oil (MCX): Monday - 26/12/22Levels:
Support: 6600-6650, 6500, 6475, 6375
Resistance: 6775, 6850, 7000
OI Data (17th Jan Expiry):
Nearest Major Resistance in Crude per OI data: 6500
Nearest Major Support in Crude per IO data: 6500
Trade setup:
Trade setup:
1. Looking at the OI data, most crutial range is: 6500
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 6700 | 6650 | 6775| 6825
-----------------------------------------
SELL | < 6600 | 6650 | 6550 |6500
+++++++++++++++++++++++++++++++++++++++++
Crude Oil (MCX): Monday - 19/12/22Support: 6100, 6000, 5850, 5800
Resistance: 6300, 6450-6500
Per OI Data:
Support: 6000
Resistance: 6300, 6500
Mostly rangebound: 6000-6500
CRUDE IS NEAR SUPPORT LEVEL TRENDLINE OF MARCH 2020/22MCX:CRUDEOIL1!
Key support level 5669/5733 will act as support for crude oil
Key resistance level of 6431/6800 wil act as upside hurdle for crudeoil
Crude Oil (MCX): Monday - 12/12/22Supports: 5900, 5800, 5700
Resistance: 6050, 6150, 6275
Max OI:
Call side: 6000 & 6500
Put side: 6000
Trend is downtrend only. 6000 is the most crucial level as 10K+ OI (Call + Put) is sitting there.
Bullish Butterfly in crudeoil 12-7-2022It is Bullish Buttrfly pattern seen crudeoil daily tf can give good reversal from 5906 zone marked in the chart.
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 horizontal lines: Green - Buy, Blue - targets, Red - 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.
Crudeoil Analysis on Daily Chart (Expecting Downside)As per my analysis, I have seen that crudeoil is travelling between this parallel channel from a long time and respecting the levels.
I am expecting more downside in the upcoming days in case bottom blueline will be break, please comment below your views about this analysis.
If you have any query, please feel free to post in comment section.
Disclaimer : Information provided here meant for study/education purposes only & should not intended to as a trading/investing advice.
Crude Oil (MCX): Friday - 09/12/22Supports: 5900, 5800
Resistance: 6030, 6120, 6275, 6350
OI Data:
Max Resistance per OI data: 6200, 6500
Max Support per OI data: Still 6000 has max PUT
View: Bearish
short crude oil small sl good reward short crude oil small sl good reward analysys shared educational purpose
Crude oil IN Range Bound Crude oil is currently trading in a range between 6000 and 6100. If it crosses that threshold, it will reach 6200, 6300, or 6500. If it drops the 6000 barriers and holds it, it will hit 5800-5700 -5500 in the coming days.
Multiple Bearish Pattern Confluence in CrudeOil Chart (Daily)
Dotted green line: A pennant broken in downside
Blue line: Head and Shoulder Pattern
Purple line: M pattern (double top which is coinciding with down trendline).
Crude Oil (MCX): Thursday - 08/12/22Supports: 6000, 5940, 5850, 5750
Resistance: 6080, 6150, 6275
OI Data:
Max Calls are in 6500 (9.2K). Then 6200 (5K)
Max Puts are in 6000 (3.7K)
Overall, sideways, in the consolidation.
#Crude under pressure #Inverted cup & HolderThe latest EIA data showed crude stocks fell by 5.187 million barrels last week, while analysts expected a 3.305 million drop. Still, fears about a potential global recession-driven demand downturn continued to hang over the market.
On the supply front, OPEC+ decided to stick to their existing policy of reducing oil output by 2 million barrels a day from November through 2023. Investors were also assessing the impact of the latest sanctions on Russia, including a price cap and a European Union embargo on seaborne imports of Russian oil.
Technically, Crude can witness level of 5400
Crude Oil (MCX): Wednesday - 08/12/22Support: 6080, 6000
Resistance: 6150, 6250, 6350
View: Sell on rise. Too much call Open Interest addition is seen.
Now where to sell (on rise)? 6250-6275 is perfect level to short. Next is 6350 level.
OI Data:
Call writing are havoc. 6100 (2.8K), 6200 (3.5K), 6300 (4.1K), 6400 (4.6K), 6500 (8.1K).
Put writing: 6100 (2.5K), 6000 (3,5K)
