blue lines are key level green lines are day support resistence goodluck
BRENT (Crude Oil):- 74.22 CMP, 80 to 90 zone (Multiple Resistance Zone) 1) Dow Theory (Downtrend Since 2008/2009) 2)Crude takes year to rise (But in pandemic its is rise too fast)
Currrently in 3rd Wave yet to complete.. In Next 1-2 years
Another signal that is not that great for our market. More over INR is getting weak... be careful folks! #NIFTY50 Disclaimer: NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
UK OIL Crude getting inside the supply zone as it attempts to move higher. Falling trend lines along with 0.786-0.89. Daily chart trend is up as monthly get in the supply zone. Next few day or week could be crucial for trend to sustain and establish itself further. For time resistances hanges overhead in an attempt to move higher.
Brent oil holds onto a weekly uptrend despite the previous day’s pullback moves. The British oil benchmark keeps the upside break of double-tops marked in May amid bullish MACD. As a result, the commodity buyers should stay hopeful to refresh the multi-month top, marked the previous day around $71.50. However, the following run-up needs validation from $72.30...
Hi there, Brent is setting up for drop and deeper correction upto 55 dollar. Watch for sharp sell off and look for drop or watch for on lower time frame from top. Good Luck
Waiting for clear candlestick confirmation at desired level to indicate shift of momentum
On Neckline Of Inverted Head & Shoulder. Chart with upwards trend
Ever Given’s refloat in Suez Canal opened the one-week-old blockage in the busy global route during early Monday. The move not only helped market sentiment but also weighed on the oil prices and dragged Brent Oil from 21-day EMA. Given the fundamental reason and the commodity’s repeated failures to cross the key EMA, the quote is likely to revisit the 61.8%...
Brent oil’s bounce-off early February low has a bumpy road ahead as 200-SMA joins the previous support line from February 19 to challenge the commodity buyers around $65.00. Even if the black-gold prices conquer the $65.00 hurdle, March 10 low and February 25 top, respectively around $67.00 and $67.70 could test the oil bulls. It should also be noted that bearish...
Brent oil crashed more then 5% today and RSI value it just near to over sold level in H4, so be ready for not to sell to sell any more. if it will not stop at the level of 64 then nest level is 62. so basically 62 would be awesome price to be enter as BUY for the target of 68 in short span of time. By: A.S Dhakad CMT, CFTe, CWM, MBA
US OIL Impulse move till 75 to 82 odd levels Currently, cycle wave 5 in progress Finally, prices could turn and begin to form a bullish sequence 5