Sell CRUDE OIL at 5400-5410 SL: 5450 TP: 5300- 5270
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.
Buy crude oil at 4603 Stop loss 4580 Target 4671 / 4686 based on our Gann levels indicator
Crude oil sell based on Gann and Fibonacci Sell crude oil at 4640 Stop loss 4657 Target 4569
Crude oil buy based on fibonacci and GANN Buy at 4588 stop loss 4575 Target 4665
crude oil buy at 4420 Stop loss 4402 Target 4490
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!
Buy crude oil 4077 Stop loss 4060 Target 4135
sell crude oil at 4119 stop loss 4145 Target 4066
sell crude oil at 4046 stop loss 4066 Target 3945
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...
Just Imagine Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
these are the expected swings
Buy crude oil at 3402 stop loss 3370 Target 3475
sell crude oil 3368 CMP 3355 Stop loss 3385 Target 3320
crude oil sell at 3235 Stop loss 3249 target 3206
sell crude oil at 3210 stop loss at 3225 target 3165