crude seems to be in a range since some time.Based on the daily charts it seems to be a sell below 80 with a target of 76 .other geopolitical developments such as ceasefire may support this expected move
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (22-03-2024)
Current price- 81.30
"if Price stay below 82.00 then next target is 80.30 and 79.80 and above that 82.50
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
SUPPORT 82.00-81.00
RESIST. 83.50-84.00
we can plan both side trade but according to me 84.00 if price goes there that one will perfect trade. i will wait for 84.00
USOIL Which is showing a great opportunity USOIL is fighting with the resistance. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
General analysis
weekly: first beat upward trend
-price is above ma10 and supported by ma50
Daily: price is in the upward adjustment zone in an uptrend
- supported price is above ma50
The price crosses above ma10 by 1 candle with a full body.
- MACD is showing signs of crossing up and is above the zero line
script:
-Wait for the daily candle to close above the 10...
MCX Crudeoil trading below the 6470 ,a clear support since past few days .Expecting a drop to 6330 to 6282 shortly Sell cmp 6470 target 6298 .Settling below 6300 is a bearish down trend continuation
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...
🛢️ Time Frame: 1 Hour
📉 Status: Bearish
📅 Date: 11.03.2024
🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range.
🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data.
#OilMarket #TradingAnalysis
US Oil taking support at 144 EMA in daily chart. But, mere a touch is not important. Let it stay above it for atleast 3 hours but 16 hourly more candles from here i.e after 12:30 today. it will give a clear picture. So, have patience and watch till tonight and reap results from Tuesday onwards. Till 21st March it remain volatile.
Next target 94.
Disclaimer:
I...
