Menu
  • Option Hydra
  • Training
  • Premium
  • Courses
  • Library

Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

  • Software
    • Amibroker
    • NinjaTrader 7
    • Ninjatrader 8
    • Option Action
    • Market Analyst
    • Metatrader
    • Python
    • Datafeed
  • Market Profile
    • Orderflow
  • Markets
  • Commodities
  • Forex
  • Economy
    • Banking
  • Webinars
  • Trading Lessons
    • Algo Trading
    • Infographic
    • Video
You are here: Home / Commodities / Crude Technical outlook – reversal possible in coming days ?

Crude Technical outlook – reversal possible in coming days ?

July 22, 2013 by Mantraa Commodity 3 Comments

crude

 
Crude oil‘s rally continued last week and reached as high as 109.32 dollar/barrel. Crude given a long bull run in new financial year. Now its time to review at reversal possibilities.

As we can see on charts crude fired from lower level & now reaching to the topline of current ascending channel around $110.50. This area also represent a parallel resistance which is in combination of 200% feb correction level. Thus the combination of many hurdles & over bought indicators we may witness a profit booking season from these levels.

Based on above studies, we will prefer to sell crude & will be looking for some possible targets around $100 & lower. $106 could be little stopper for the above.

Related Readings and Observations

  • Four Visible Technical Signs that Crude Bottomed OutFour Visible Technical Signs that Crude Bottomed Out Here are the 4 visible signs (Volatility Sentiment, Magazine Indicator, COT Percentile , Gold Oil Ratio) we look into it to predict the possible bottom in Crude.
  • NYMEX Crude Might Hit Back AgainNYMEX Crude Might Hit Back Again Now crude is trading around $48.94 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one […]
  • The Volatile Crude and the Rude Global MarketsThe Volatile Crude and the Rude Global Markets On monday international crude breaks more than 5% and settled around $50 level which is the lowest settlement since April 2009. Crude tumbled heavily after data showed Russian oil output […]
  • Daily commodity technical analysis – November 12, 2014Daily commodity technical analysis – November 12, 2014 Gold fail to get stability above $1172 mark & fall back. However the move was not well supported by volume due to bank holiday in US market. Coming back to technical an triangle […]
  • Daily Commodity Technical Analysis Overview – 3rd Nov 2014Daily Commodity Technical Analysis Overview – 3rd Nov 2014 Gold consolidating after sharp fall & trying to retest the broken support level turned into resistance. WE may witness more weakness as far as $1182 area remains as EOD resistance.
  • IS Crude Ready to Fall More?IS Crude Ready to Fall More? Now crude is trading around $81.30 & we can see on charts crude unable to trade able broken support area of $84.20 while a formed a very bearish candlestick pattern just below the […]

Filed Under: Commodities Tagged With: Crude, Crude Technoical Analysis

About Mantraa Commodity

Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc.

Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com

HaPpY TrAdInG.

Comments

  1. Mantra commodity says

    July 25, 2013 at 12:17 pm

    Crude fall more than $4 from the mention resistance area. Awaiting for the projected levels.

    Reply
  2. Mantra commodity says

    August 10, 2013 at 11:49 am

    Crude almost reach to tgt area, kissed $102 mark yesterday. Hopefully the fall will come continue for mention tgt area.

    Reply
  3. dhanraj nagar says

    August 26, 2013 at 11:13 pm

    pls update all market news ,bse,nse,mcx,forex,curency i am wait from notify

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Email Newsletter

Sign up to receive email updates on latest trading strategies , analysis & financial market updates

We Respect Your Privacy

Premium Access

Username:
Password:
Remember Me
Lost your password?

Tools For Traders

  • Marketcalls Android App
  • MCX Signals
  • Intraday Signals
  • International Commodities
  • OI Tracker
  • Participation OI
  • Your Broker
  • Market Sentiment Analysis

Amibroker Updates

Code Snippet: ATM Call and ATM Put calculation from Spot Prices: Amibroker AFL

December 10, 2019 By Rajandran 2 Comments

Volatile Phases – Colorful ADX Amibroker AFL Code

November 16, 2019 By Rajandran 4 Comments

Amibroker Technical Analysis Workshop – Bangalore

November 1, 2019 By Rajandran 2 Comments

How to Send Alerts from Amibroker to Telegram Channel using Telgram API

June 12, 2019 By Rajandran 15 Comments

How to Estimate the VWAP based settlement Close like a Pro using Amibroker?

June 9, 2019 By Rajandran Leave a Comment

  • Facebook
  • Google+
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Metatrader Updates

MetaTrader 5 Demo Servers Now Available for BSE Currency Markets

March 20, 2018 By Rajandran 8 Comments

ChartIQ – WebTrader for MT4

December 4, 2017 By Rajandran 5 Comments

Metatrader 4 – Web Platform Overview

October 29, 2015 By Rajandran 9 Comments

William VIX FIX Indicator for Metatrader 4

May 16, 2015 By Rajandran 9 Comments

How to Install Custom MQL4 indicators in Metatrader

November 14, 2014 By Rajandran 7 Comments


About | Contact Us | Terms and Conditions | Privacy Policy | Support Policy | Privacy Policy | Refund Policy | Disclaimer


© Copyright 2018 Marketcalls Financial Services Pvt Ltd · All Rights Reserved · And Our Sitemap · All Logos & Trademark Belongs To Their Respective Owners·

Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither marketcalls.in website nor any of its promoters shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.