Crude Oil breaks out of falling channel –Watch for higher level.This is the 4-hour timeframe chart of CrudeOil1!.
The price has been moving within a well-defined falling channel and has now given a breakout. A possible retest of the breakout level around 5560 may occur, after which CrudeOil could move towards the falling channel completion target near 5700.
Weekly pivot support is also placed around the 5400–5450 zone and resistance around 5700.
If this level is sustained, we may see higher prices in CrudeOil1!
Thank You !!
Mcxcrude
Crude Oil Bouncing from Demand Zone – Eyes on UpsideThis is the daily chart of Crudeoil!
CRUDEOIL1! having a good law of polarity (support)near at 5550-5600 range.
CRUDEOIL1! is taking support on RSI and sustain above 45 level.
If this level is sustain then we may see higher prices in CRUDEOIL1!.
Thank You !!
CRUDEOIL1! at Best Support Zone !!This is the Daily Chart of CRUDEOIL1!.
CRUDEOIL1! having a good law of polarity at 5500-5600 level .
CRUDEOIL1! is currently trading between its quarterly pivot 5603 level and monthly pivot 5805 levels , indicating a range-bound movement."
Once the Crudeoil1! sustains above the monthly pivot, it may trigger a potential upside rally."
If this lop is sustain , then we may see higher prices in CRUDEOIL1!
Thank You !!
Trading Plan: WTI Crude OilBased on my proprietary indicators, I maintain a bearish view on WTI Crude Oil. I am anticipating a downside target of ₹5800 (target open until 15th January 2025).
Current Position:
Holding short positions in MCX Crude Oil January 2025 expiry futures from ₹6025 levels.
Intend to add more shorts if prices move to higher levels.
Risk Management:
Stop-loss and risk parameters are carefully planned but not disclosed here for strategic reasons.
Position sizing is aligned with my overall risk appetite and trading capital.
Disclaimer:
This trading plan represents my personal views and trading decisions and is shared for informational purposes only.
Trading in crude oil futures involves significant risk and may not be suitable for all investors.
Readers should not consider this as financial advice and must conduct their own research or consult with a certified financial advisor before making any trading or investment decisions.
Past performance of proprietary indicators is not indicative of future results.
CRUDEOIL MCX - OCTOBER SERIES INVERTED HEAD AND SHOULDERCrudeoil is making inverted head and shoulder on 1 hour time frame
Weekly time frame is downtrend
Crudeoil trading at weekly strong demand zone
Target we may see 6072 and above that 6279
This chart is only for educational purpose. Do your own analysis before taking any trades
Silver is not afraid of rebounding and continues to fall
In the journey of life, you always have a part of the way that you need to walk and carry by yourself. Don't feel afraid or lonely. This is just the price of your growth.
Although the rebound of silver within the day was close to the previous rebound high, the bears did not give too many opportunities to rise. At present, the bearish trend is expected to form again. It is expected that silver will usher in another decline in the evening. For silver operation, it is recommended to sell at 24.13, risk control at 24.29, and the target is 23.70~23.35.
The silver daily line continues to close in the negative, but it may not go down again until it fluctuates around the short-term support around 23.70. The intraday pressure is 24.13~24.25, and the support is at 23.70~23.35.
Join me and I will guide you to a profitable trade 💵!
CRUDEHello and welcome to this analysis
UKOIL formed a Bullish Harmonic Gartley near $83.50 in weekly time frame and reversed from there. In the last few weeks after its 1st round of reversal from the Gartley PRZ it has formed a Cup pattern (rounding bottom) in daily time frame indicating a breakout above $98.50 for $106.
While CRUDE OIL at MCX has formed an Inverse Head & Shoulder pattern in daily time frame indicating a breakout above 7700 for 8200 and 8800. The movement in MCX Crude will largely be impacted by US$-INR also, keep in mind that factor also.
Zinc | Bullish sign for this Winter 2021MCX - Zinc offers 2 opportunity to ride the bullish trend. From the seasonality historical data, it has been always witnessed that by the end of November price starts accumulating demand the demands of the market.
As represented in the above chart, wait for the price to come near our area of interest and wait for other bullish conformations.