Crude oil Buy / Sell Based on Fibo and Gann INTRADAYcrude oil buy at 4420
Stop loss 4402
Target 4490
Mcxcrudeoil
CRUDEOIL MAY MOVE UPSDIE TILL 4396/4428MCX 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!
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYsell crude oil at 4119
stop loss 4145
Target 4066
Crude oil is bearish near-term - Elliott wave analysisThe 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 it in my next post.
MCX- CRUDEOILJust 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.
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 Price Limited Downside, Big Upside 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 highs (resistance). After that, If the trend makes consecutive candles, there will be an ascending trend. B ut don't sell if the trend falls and crosses the stop loss.
Crude oil Forecast: Using Fibonacci Retracement LevelsWas 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 2740 level. It can start raising for 2980 – 3260 levels.
CRUDE OIL ASCENDING TRIANGLE FORMATION CONT.......CRUDE OIL ASCENDING TRIANGLE FORMATION CONT.......
Crude oil Buy / Sell Based on FIBO / Gann - INTRADAYAs 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
Crude oil Buy / Sell Based on FIBO / Gann - INTRADAYAs 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 is near upward trendlineCRUDE 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
CL1!/MCX- S&RThese 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
