Crudeoil Long Strong Support Zone 5770 to 5690
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
Pair : Crude Oil
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 1234 " Impulsive Waves and Rejection from Upper Trend Line. We have Retracement for Break of Structure.
Entry Precaution :
Wait for the " 5 " Impulsive Wave
The recent test of sub-$70 oil prices appears to have been met with significant buying interest, potentially setting the stage for a reversal back above the $77 mark. The presence of a long wick followed by an inside bar could signal further upward momentum.
Bull Case:
There's strong evidence of support, particularly from the buying activity observed a few days...
12.8.23 There was an opening price long trade on oil yesterday near the end of that trading day. There was also another chance with an opening price to go along today but at a slightly higher level. that trade would have been an easy trade if you recognized that it had a support it had an extension which was the 1.272.... and then you have a small stop. The...
Crude is Trading in 1H Downtrend Channel
If Brreaks channel and retests then good upside
if reverses from here then downside
good risk reward play here
Introduction:
In the vast and dynamic world of financial markets, understanding market structure is paramount for traders and investors seeking to navigate the complexities of buying and selling assets. Market structure encompasses a range of elements that shape how markets function and how prices are determined. This article delves into the fundamental...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
I am looking for an opportunity to bargain hunt dip buy on Oil and here is why.
So oil has been very bearish in recent weeks and not surprising given the bearish fundamentals such as the recent OPEC meeting not giving clarity to the market, Demand worries due to slowdown in manufacturing in major economies like the U.S and China and slowdown in smaller / lesser...
Crude oil has experienced a decline of over $13 from its 2023 highs, reflecting traders' anticipation of weaker economic growth and a slowing consumer. Despite OPEC's announcement of additional production cuts and the ongoing efforts of member countries to defend prices throughout the year, it is evident that the market is bracing for diminished demand.
Recent...
Crude took a very good rejection in fib most important zone
By looking at cfd chart crude can show a good move toward downside
We can sell crude at cmp 6350 with a sl of 6650. Can expect a target of 6000-5800
It a like of swing trade....
TRADE DIRECTION: SHORT; as indicated by the red EMA cloud and the market structure.
KEY LEVEL:
1) Round numbers S&R with 25 ticks range between each level (hidden)
2) Monthly, Weekly and Daily Pivot levels.
TRIGGER SIGNAL: Price broke the previous day's low (green circle) and retraced to the bearish EMA cloud. A bearish pin bar (in yellow circle) formed as a...
Oil should find a bottom around this support zone between $67.05 and $72.26 a barrel. If it does and starts to rally higher, there is major resistance at the $72.26 level. If this level is broken, the next resistance level is around $81.50, with substantial resistance up at $93.74 per barrel. If Oil can break the $93.74 level, it will likely make a run back to the highs.
WTI crude oil futures stabilized at over $73 a barrel Tuesday on a possible technicalrebound. Investors are still assessing the global oil supply and demand situation while prices have posted a loss of more than 6 percent in the last three trading sessions.
There are doubts about supply reduction by OPEC+ that may not have a significant impact on prices, and...
![CRUDEOIL1!: [MCX] Crudeoil Buy Idea](https://s3.tradingview.com/e/eQBIdos2_mid.png "[MCX] Crudeoil Buy Idea")
