Hello Friends, Hope you find doing well.
As there are so up down in market now a days because of many reasons
Elections, war, Global data, USDINR, DXY.
So based on following all parameter i am trying to analysis crude oil price action, hope it helpful for all commodities trader.
As we can see in chart it is making bullish flag pattern on 4hr timeframe. So we...
Brent Crude Oil charting its potential trajectory amidst current market dynamics. Through a meticulous examination of technical indicators and chart patterns, a compelling case emerges for an imminent bullish surge within the $104-$124 range.
Based on the comprehensive analysis of these factors, it is anticipated that Brent Crude Oil to embark on a significant...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
W pattern in making
already reversed from Double bottom.
rest all levels are marked on the chart.
Breakout Based:
Buy above 95
SL 91.5
Tgt 114 - 120 - 131
Support Based:-
Buy near 87
SL 82.5
Tgt 95 - 114 - 120 - 131
This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI registered.
Happy Trading.
- The weekly outlook for UK Oil looks very positive and promising
- The base is getting matured on the weekly whereas the Daily base has already matured
- As of now waiting for the base to form and enter once you see a low getting taken out by huge demand
- My Bias over this is straight bullish and nothing else to consider
After 5months of rigorous compression it nears its long term resistance trendline
With VCP pattern its likely to break resistance forming upthrust candle.stop loss closing below the rising support trendline
On a downtrend with strong support at 72. On confirmation of breaking upper line can enter but problem is with fundamentals. Saudi cutting 2 dollars is bearish as it decreases the incentive for US producers and showes the lack of confidence with respect to demand. So Can even push below the 72 support and go down before uptrend. Till then wait and watch
Oil has tendency to fall by more than 70% from the top. After topping out at $138. After many production cuts and effort to arrest fall in price by OPEC+ and news that Oil is headed to $300, Oil continues to show weakness. Lower demand from bigger economies, expectations of falling Oil price and shift to alternate fuel will further pull-down Oil prices, possibly...
Brent Sweet Crude completed primary wave 4 with satisfactory completion of pattern, down to the miniscule degree, yesterday. The rebound since then, appears to be the impulse of primary wave 5, though its too early stage to conclude whether it would be impulse or diagonal. Even if wave 4 were to continue into double correction, there should be retracement back to...
according to wave analysis still i can't say that correction is all completed as we can see chart so it can be double zig-zag and will reach to 65 and then bullish run is going to start and will reach at least 187 and then 263 after that corrrection is going to come for 4th wave.
Crude Oil again proved that Volatility means 'Crude Oil'
Only a Professional Trader can win with the success ration of 70-80% max if trade reglarly.
Now imp levels for the month of Dec is disclosed in this very imp video...
Kindly watch
Black horizontal Trandline# monthly
Red Trandline# weekly
Blue Trandline#daily
Lower range 70 & higher range is 98 now trading @ 80+ it's nearly lower range
If brent trade in 70/80 range for at least 6 month it's very good for indian stock market
