The chart has the key level marked out. 85.70 will be a great level to short the commodity. The trend remains down though we have now reached a support and also the oscillators are oversold which will lead to some mean reversion. So best to wait for the level to be reached on the bounce and then short sell the commodity.
CRUDE OIL or USOIL is in right range between 86.6 and 88.8 Major support is at 86 and 85.3. Any movement above 89 or below 85 would have huge impact on Indian markets
#crudeoil - looking at a good Upmove. PS : Only for learning purpose. Pls observe. CMP : Crudeoil MCX 7k Call at 302.50 INR
below is analysis of crudeoil (BCOUSD) please watch it carefully it looks like bearish in short term for upcoming 3-4 days.
Brent oil completed it's correction last week after RSI divergence, and is now increasing strongly supported by good volumes. Next overbought zone on RSI places Brent around $100 mark.
Brent oil buyers take a breather after posting the biggest daily jump in six months as the overbought RSI (14) line prods the energy bulls below a three-week-old horizontal resistance surrounding $92.50. However, a clear upside break of the 200-SMA and bullish MACD signals suggest further upside of the black gold price. Hence, the quote is likely to cross the...
The chart set up suggests support around 85-87 odd levels Minor resistance around 98 and eventual target for the set up could be 104-108 Risk::Reward ratio favors to go Long Take care & sage trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and...
The great N appears on Brent CRUDE with 100 Dema crosses over 200 dDema. #crude #oil
The 200 MA and the key pivot levels are all aligning. This also looks like an inclined head and shoulder pattern. The level marked on the chart is a very important level and as long as the market is below the level we expect the selling pressure to continue on the commodity.
CMP $85.25 First target $ 95 Duration 1-2 months Stoploss $75
🟢RSI (14) on the #CRUDE UKOil 4D chart has crossed 50 mark 🟢Crude taken support near the long term support of 70 mark. 🟢It has given buy signal at 74.60 on VSA Momentum indicator. 🟢Can go to 89/99 in up coming months. Medium term. SL-70
Breaking out of crude oil, a role of a villain to play a party pooper for Bhartiya Stock Market.
Brent Crude Weekly Chart Brent Crude Looks very Strong. On Larger Time frame Above $ 89 it can move to $98 Short is only below $ 83
📈 Exciting Bullish Pattern Alert 📊 Pattern: Base Building 📌 Symbol/Asset: UK OIL 🔍 Description: The target of multiple patterns is pending, stock bounced back from solid support. Future & Options segment stock. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and...
Crude oil is now on his weekly resistance, if it breaks upside its not good for our economy and Indian market will fall here because both are reciprocal to each other but some sector will be good i.e oil sector, paint etc. i feels that some coming days its will break upside. Its just for information
Xbr USD down side movement possible Selling below the 85.81 Stoploss 86.47 Target 84.49
Xbr USD down side movement possible Sell below 82.82 Stoploss 85.41 Target 77.85
Crudeoil looks bearish for short term.going down in wave C