[KISS] Short UKOIL - Target 62.50-63 Short UKOIL - Target 62.50-63 Confirmation - Long Upper Wick We are presently within a triangle. Crude to head lower. Target - 62.50-63Shortby Nihit-SaxenaUpdated 2
Crude | Inventory levels driving the Price -Watch EIA data todayOn the back of Crude inventories data released by American Petroleum Institute(API), according to which inventories fell less than expected, the commodity declined sharply citing lower demand. For further confirmation of the same one can watch crude inventories data about to be released by US government's Energy Information Administration (EIA) at 20:00 Hrs IST. Since the expectation is already set on a lower than expected fall in inventory, possibility of further fall in price is minimal as the information is already priced in, unless the data is unexpectedly skewed. Technically, price drop has dragged Brent to the lower end of the Rising channel pattern and as we could observe, it still holds valid. Evaluating previous price movements we could detect a demand area around 63.60. Besides notice that 64.70 is also an influential level to which the price could react. Interestingly, the range i.e. 63.60-64.70 is also defined by 38% and 50% of Fibonacci levels thus making the space an essential level to be broken for a decisive trend. Summing up, assuming that EIA does not throw any surprise Brent could undergo a short period of consolidation between the above mentioned range. Subsequent trend will be established in the direction of the breakout. Trade Plan: 1. Until either of 63.60 or 64.70 is breached, Sell @ 64.70 and Buy @ 63.60 (typical range trading) 2. A close above 64.70: Buy with stop below 63.50 with targets @ 65.70, 66.70 and 67.40 (trail stop loss as we traverse through these levels) 3. A close below 63.60: Short with stop above 65 with targets @ 62.50 and 60 (trail stop loss as we traverse through these levels) (Note: Expect higher volatility when EIA releases the data at 20:00 Hrs IST. Similar level of fall as per API is not expected to have an impact on price; a comparatively lower drop in inventories could weaken Crude further and alternatively, a comparatively higher drop in inventories will lead Crude to higher levels erasing its losses) (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)by AkhilSuryaFSUpdated 11
CrudeSmall resistance zone is up here. not expecting huge upside. although trump tweets are meant to do so at times. by Soulblighter0
Brent Crude | Rising Channel | Retesting prior HighBrent, after breaking through prior high of 66.7 has now pulled back towards the same area. This move could just be a retest of that level and it wouldn't be a surprise if price appreciates from now. Hence long trades are preferable with tight stop below 66; because below which the price could fall to 64 or to the bottom of the Rising channel. On the upside, do notice a significant trendline. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)by AkhilSuryaFS118
Brent Crude | Important levels at 63.60 & 62.30Brent Crude has taken support from a rising trendline. We could also see a "Morning Star" candlestick pattern adding to bullish bias. But 63.60 is an immediate resistance which will test the strength of Bulls. If price manages to break above 63.60, we can well expect crude to move towards 65.50. However, if the upward move gets arrested at 63.60 and manages to fall, immediate support will obviously be at 62.30. In any case if 62.30 is taken out we can expect the price to fall towards 60.40 levels. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)by AkhilSuryaFS7
BRENT CRUDE BUY ?brent crude facing resistance near descending trend channel and horizontal resistance . if price able to close above 64.71 in daily basis means buy active in crude with target of 70 & 73 sl 61.82Educationby TamilNiftyTrader060
MCX CRUDEOIL.SHORT 3680-3690SHORT MCX CRUDEOIL ........ STOP LOSS OR TARGET .COMMENT MEShortby santosh93
Micros And Global MarketMicros and Global markets always impact on Indian stock market. I am sharing some interesting data for Currency, Crud, DJI and Hang Seng. USDINR give a breakout on yesterday. It may test 70-70.16-17.36 levels in the short term. For the Brent Crud, $64 is major resistance. Above $64 it may be strong and below $64 it may test $60 - $58 levels. DJI major resistance is 26250 and Support @ 26000. below 26250 it may strong and below 26000 it may test lower levels. Hang Seng is in between major support range of 25500 and major resistance 26800. Intense to share this because these things can impact on Indian Market. Thank You :)Educationby swapnilchoksi3
Long MCX Crudeoillong for today or tomorrow / for stop loss and target comment me MCX Crudeoil Long 3640 / for stop loss and target comment me Longby santosh90
Crude looks bearishSymmetrical triangle bearish breakout. Can go to 62-63 region. Even RSI has broken the support. Shortby saggi26nUpdated 0
Possible Corrective Upmove soonFrom the current pattern, looks like Brent Crude is in the middle of a complex correction and there could be a down move which could have a corrective up move to finish the entire correction. by Divergensity1
ProbableDirectionThe stock would probably hit the channel bottom and the go for a long move toward the resistance or might even continue falling if the channel is brokenby anuj000111
Brent oil analysis: back above 4H 200MABrent oil has retaken the 4H 200MA of $70.47, having bounced up from the confluence of the 50-day and 200-day MAs near $69.11. On the 4-hour chart, I see a falling wedge breakout. THe probability of a rise to $72.00 would rise if the 4H RSI breaks above 48.00. As of now, it is hovering at 45.68. Even if it rallies to $72.00, the outlook as per the daily chart would remain bearish with the 14-day RSI below 50.00 and 5- and 10-day MAs trending south. Further, the 50 and 100 4H MAs have produced bearish crossover. Also, the downward sloping 5-day MA is capping upside at press time. So, a rise to %72.00 looks unlikely. Trade strategy: sell on rise to $72 target $69 with stops above $73.00. by OmiFX81