Crude is in sidewaysThe trend lines show a sideways signal after a fast recovery.
Bullish signals may come above 5,100 again.
4,900 confirms the weak trend.
Please trade with the correct stop Loss and with your own analysis,
Mcxcrude
Will MCX Crude oil Come Back to 5500?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 Buy / Sell Based on Fibo and GannBuy crude oil at 4603
Stop loss 4580
Target 4671 / 4686
based on our Gann levels indicator
crude- pullback long TradeCrude has corrected into the consolidation the long term consolidation zone and is now holding above the spike lows.
Potential long trade opportunity here to test into 62.50s and higher.
crude- potential breakout playCrude is showing good signs of playing a potential breakout here for good Risk reward targets of 61.3/62.80 and higher.
we are holding on the higher edge of the profiles here and have a failed wick below as an additional confirmation. we need a bit of a stop run here above 60.30s for the idea to play out.
Idea invalid for hold below 59.60
Crude oil Buy / Sell Based on Fibo and Gannthis support will work as todays major support for buyers. only valid for today
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYCrude oil sell based on Gann and Fibonacci
Sell crude oil at 4640
Stop loss 4657
Target 4569
Bank Nifty Buy / Sell based on Fibo and Gann INTRADAYCrude oil buy based on fibonacci and GANN
Buy at 4588
stop loss 4575
Target 4665
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYcrude oil buy at 4420
Stop loss 4402
Target 4490
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYsell crude oil at 4119
stop loss 4145
Target 4066
Crude oil Buy / Sell Based on FIBO / Gann - INTRADAYsell crude oil 3368 CMP 3355 Stop loss 3385 Target 3320
Identifying the Crude Oil Price Next Big MoveAccording 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 movements.
Smart investors can buy for 3260 - 3300 - 3360 - 3400 levels.
In the previous trading session, it has created a Doji. It’s a direct sign of a reversal or trend continuation. But if it breaks the support line, the crude oil will fall to 88.6% (2982) - 78.6% (2735) of Fib retracement levels.
CRUDE OIL MCX shorting opportunityCrude oil has history of huge movements in one direction.
GMMA analysis shows the change in trend.
Look for selling opportunity in rallies.
Selling around 3000 level would be profitable.
your humble trader
Kiran
