Sellers can use 7,100 for going short per previous high. If breaken above 7,200 may lead 100+ & 600 + ponts for short term per fib series confirmation. And down side looks weeks below 6,600.
Buy crude oil from 4800 and sL 4630 CRUDE IS IN GOOD DEMAND ZONE IT WILL GIVE YOU GOOD TARGET ENTRY ON 4800 sL 4615 TARGET 5200 IF You Like plzz comment and share
Crude oil has broken March 2020 support trendline today. That is indicating a direct sell signal. If crude crossover & closes above to 5160 levels, then it can come out from the downtrend. And we may see 5300 - 5500 again. According to the current breakout, MCX crude oil may hit the following levels: 4800 - 4760 - 4660 - 4590
Crude oil is forming Ascending Triangle Pattern. According to the monthly chart and chart pattern analysis, the crude oil rally will not stop here. It will keep moving forward for levels of 5160 - 5300 - 5600+ . MCX crude oil target for intraday traders is 5112 level.
MCX CRUDEOIL MARCH may move upside till 4396/4428 after giving the profit booking on Friday's opening market. It's today's support is near 4284, which could be taken as stop loss. MCX:CRUDEOIL1!
The crude oil started the bullish Elliott wave on the 4-hour timeframe. A new low, followed by a three-wave recovery to roughly 3760 - 3660 - 3470 can be expected before the uptrend resumes. If there will be the upside breakout of wave 5 ( Protective Stop: 3980 ), then it's a failure of the Elliott wave pattern. What happens if it breaks wave 5? I will update...
these are the expected swings
crude oil sell at 3235 Stop loss 3249 target 3206
sell crude oil at 3210 stop loss at 3225 target 3165
According to this chart, MCX crude oil is trying to climb upward. It has started upside rally from the beginning of May. Here, I have applied Volume, DMI, MA, and Fib Retracement to identify the next move. Moving average of 50 & 200 is throwing direct up signals by crossover. And here, ADX is less than 25 but +DI above the -DI. Hence, we have chances to see slow...
Sell crude oil at 3185 stop loss 3198 Target 3153
The trend is making a symmetrical triangle. In the symmetrical triangle, you can see the trend is descending, and it will continue to fall up to the particular targets, which are shown in the charts (T1 2886 & T2 2800 ). After knocking the lower ascending trendline with higher lows (support), It will bounce to the upper descending trendline with the lower...
Was That the Top in Crude oil? Crude oil price is running nearby a 78.60% retracement level, and it can act as support. Hence, trade with the trend: sell positions executed around 78.60% retracement level area for the targets of 2660 – 2600 – 2560 – 2500. For long-term investors: they can hold for 2410 – 2320 levels. Don’t sell crude oil above the ...
As per my analysis Crude oil is on Sell Trend , Sell at 3080 Stop loss level at 3104 Target Expected 3031 / 2999 Gann And Fibonacci Always rocks Follow us and support us and help us to grow
As per this chart, MCX crude oil is looking upside. Trend continuation Targets: 2900-3000 Breakout Targets: 2390-2160