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E-mini Light Crude Oil FuturesE-mini Light Crude Oil FuturesE-mini Light Crude Oil Futures

E-mini Light Crude Oil Futures

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QM1! trade ideas

Crude Oil important levels to watch Crude Oil important levels to watch are as follows #SUPPORT: 6080 #RESISTANCE: 6160 #buy above 6160 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below: Target 1: 6240 Target 2: 6320 Target 3: 6395 #Sell Below 6080 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below: Target 1: 6000 Target 2: 5900 Target 3: 5820 Please note that each targets may act as a support and resistance so trade accordingly. Also, this is only an educational idea and not a buy or sell recommendation please follow your own trade setup before initiating any trade. Follow us for more such information and give it a like if you appreciate the idea. Queries will be answered in the comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
crude oil technicalCrude oil traded with range-bound sentiments, as it ended with a 0.75% loss, where the up move is possible while taking technical support of 6100, and if the 6500 levels are retested the sentiments may change, as per the 1D chart, it is in a "Right Angled Ascending Broadening Wedge", which indicates a sideways movement, and resistance is placed at 6316 and support at 6196, indicating that if support is broken, we can see further downside, up to the range of 6000 levels. Research Report target Buy Call -- Buy above 6236 for 6320-6350 Keeping SL 6204. Sell Call -- Sell Below 6188 for 6159-6134 keeping SL 6209.
MCX:CRUDEOIL1!Long
by Shubh181995
CrudeOil Important levels to watch !!Crudeoil important levels to keep an eye on according to hourly timeframe are as follows; #Cmp= 6150 # Support = 6020 the region of 6040 to 6020 is acting as a demand zone which means price may bounce back from the region as majority of buying positions can be expected in the demand zone. expected targets on downside after the break of support Target 1: 5910 Target 2: 5820 # Resistance = 6190-6200 Currently the price is below the trendline resistance marked in red which means price may face some rejection at the trendline. Expected target on the upside after the break of resistance target: 6314 Follow us to get timely updates of such insightful ideas. Give it a like if you appreciate the idea. queries will be answered in comment section.
MCX:CRUDEOIL1!
by InvestyourAsset
📉 Short Opportunity in Crude Oil from Level 6000! 🛢️Hello traders! We have identified a potential short opportunity in crude oil from the level of 6000. Here's why: 1️⃣ Technical Analysis: The price of crude oil has recently reached a key resistance level around 6000, which has historically acted as a strong barrier for further upside movement. This suggests that there might be a reversal in the near term. 2️⃣ Overbought Conditions: The Relative Strength Index (RSI) and other momentum indicators are indicating that crude oil is currently overbought. This implies that the buying pressure might be exhausted, opening the door for a potential decline. 3️⃣ Fundamental Factors: Considering the current global economic situation and geopolitical tensions, there are several factors that could potentially weigh on crude oil prices, such as supply concerns, changes in demand, or shifts in energy policies. Based on these factors, we believe there is a short opportunity in crude oil from the level of 6000. However, it's crucial to conduct your own analysis and manage your risk accordingly. Remember to set appropriate stop-loss orders and take-profit targets to protect your capital. Trading involves risks, and it's essential to be diligent and disciplined in your approach. Wishing you successful trading,
MCX:CRUDEOIL1!Short
by TRADING-NASA
Crude oil important levels to watch `Crudeoil important demand and supply zones are marked on the chart. #Target on the upside after break of resistance is marked in red line. #Target on the downside after break of support is marked in a green line. What is demand zone? In simple words, demand zone is the price area having highest buying potential. What is supply zone? In simple words supply zone is the price area having highest selling pressure. Follow us for more such content and give us a like to motivate us.
MCX:CRUDEOIL1!
by InvestyourAsset