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...
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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 ...
CRUDE OIL ASCENDING TRIANGLE FORMATION CONT.......
As per my analysis crude oil is currently on side ways so Buy at 3066 and stop loss at 3030 Target 3166 and Sell at 3166 Stop loss 3209 Target 3059 / 3002 / 2980 FIBO AND GANN ALWAYS ROCKS FOLLOW US , SUPPORT US AND RESEARCH WITH US
As per my analysis Crude oil is on Buy Trend ,So wait and buy at 3044 Stop loss level at 3014 Target Expected 3096 / 3121 Gann And Fibonacci Always rocks Follow us and support us and help us to grow
CRUDE OIL IS NEAR GOOD SUPPORT OF 2500 ONE CAN BUY CRUDE AT 2517 SL 2500 TARGET IS 2550/2578/2613 *CONDITION* IF CRUDE OIL OPENS NEAR 1ST TARGET THEN BUY IT WITH THE NEW SUPPORT OF 2517 ASK YOUR FINANCIAL ADVISOR FIRST BEFORE JUMP INTO A TRADE RISK,REWARD,CAPITAL ANY LOSS OR GAIN LIABILITY IS YOURS
These are Support & Resistance levels for Crudeoil on 30M time frame. Significant Volume & Price Action can be seen in these levels. These levels should be kept in mind while Going for Short or Long. These levels will be helpful to Crudeoil trader & Should be used with their own Strategy. Thank You
USOIL is getting into the short term confluence area, (marked in red zone) , hold into that can lead to a rotation on the downside to test back the areas of 54.15 and lower. Hold above that the trend changes to positive for a test back to 55.30 areas
If Retracement came to 0.236 and moving up go fo buy below sell.