Crudeoil is BEARISH if Breakdown 5980Short MCX Crude oil on BREAKDOWN of 5980 Stoploss 6020 Target 5810
Contract highlights
Crude Oil || BREAKOUT FROM TRIANGLE PATTERN Chart Analysis: Crude Oil (1-Hour Timeframe)
Pattern: A symmetrical triangle pattern is forming, signaling potential consolidation before a breakout.
The price is approaching the apex of the triangle, indicating that a breakout could occur soon.
Key Levels:
Support: Around 5,821 (Fibonacci 0.2
Crude Range for 27/11/2024Resistance 5845
Support 5810
Any side BREAKOUT or BREAKDOWN will decide its further movement for the day.
CMP is 5835
US OilUS Oil - Crude Oil
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure and Retracement
Change of Characteristics
Demand Zone
Falling Wedge as an Corrective Pattern in Short Time Frame
Elliott Wave View: Oil (CL) Short Term May See More DownsideShort Term Elliott Wave View in Oil (CL) suggests that cycle from 10.8.2024 high is in progress as a 5 waves impulse. Down from 10.8.2024 high, wave 1 ended at 66.72. Wave 2 rally ended at 72.89 as the 1 hour chart below shows. It has then turned lower again in wave 3. Down from wave 2, wave (i) end
Crude Oil - High Tide Pt.2Pt 1 found here .
This is an extremely critical market at this time. What must be understood, is NYMEX light crude oil is not its' own independent market, but rather a BENCHMARK for a larger market for crude oil globally, and its' derivatives. Consider a Kenyan bank, that owns a loan on a Kenyan g
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a
Gas futures at 6-month highs, will oil follow?Oil futures NYMEX:CL1! are forming a weekly reversal pattern at support levels
Gas futures NYMEX:NG1! already made the same pattern and rebounded strongly and is now making 6-month highs
The US energy sector AMEX:XLE is already discounting that a rebound in oil will happen, as it is near a
MCL Short 11/22/2024MCL is in an uptrend in 4hr chart. Price is having hard time breaking the TL. But it broke the high volume DZ that has confluence with the 4hr 21 EMA. The drop from the SZ is more than twice of the zone width. Risk= $250. Target= 1:1 and 3:1.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Crude Oil Futures (Jul 2022) is Jun 21, 2022.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Oil Futures (Jul 2022) before Jun 21, 2022.