Crude Oil future analysis for 25 to 29 march 2019.

Crude Oil future daily chart analysis

Crude Oil future on Friday closed at 4075 with loss. On daily chart Crude Oil future price trend and momentum both are bullish. Crude oil future with correction tested 3940 support and now trading above it. If crude future holds 3940 on daily closing basis then expect 4230 and then 4410 as target zones for month of March. Below 3940, crude become bearish and will had towards 3700 rupee level. Daily chart indicators are mixed so no clear trade here.

Crude Oil future weekly chart analysis

Mcx crude oil future this week closed with gain. This was second gaining week for crude oil future after last 2week’s correction and consolidation. On weekly chart crude prices are hovering around 3980 long term support zone.

For 2019, crude oil future major hurdle is 4000 and if prices sustain above it on weekly closing basis then that will be investment opportunity for targets 5000 and above. But if crude oil fails to cross 4000 and then expect another panic selling wave and lower levels up to 3000 to 2500 rupees in longer terms. Weekly chart indicators are overbought so downside looks promising.

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Crude Oil future technical analysis for 14 to 18 January 2019.

Crude Oil future daily chart technical analysis

Crude Oil future on Friday closed at 3632 with loss. On daily chart Crude Oil future price trend is down but momentum is bullish due to strong short covering as well as on value buying from lower levels. Crude oil future hit recovery target of 3350 and then bullish breakout hit 3710 rupee bullish swing target now next level to watch will be around 4200+. If crude oil given breakout above 3710 and sustain then expect 4200 rupee level for crude oil future. On downside 3570 and then 3350 will be strong support zones for this commodity.

Crude Oil future weekly chart technical analysis

Mcx crude oil future this week closed with gain. This was second big gaining week for crude oil future and in these 2 weeks prices rallied from low of 3100 to almost 3765 rupees levels. Means 665 rupees gains in last 2 weeks for buyers.

From medium to long term view, mcx crude oil showing recovery move towards 3980 rupee long term resistance level. Below 3980, crude oil trend is down and targets will be around 2500 to 2300 rupees while above 3980 expect long term uptrend and investment targets of 4900 to 6600 rupees.

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MCX Crude oil Hit 3350 recovery TGT now watch for next big move

MCX crude oil future analysis for 4th january 2019

• crude oil future on last trading session closed at 3291 with gain. my january series ecovery swing targets were at 3350 and crude oil future hit that target.

• mcx crude oil future if sustain above 3350 then expect big short covering rally up to 3700 and above.

• but below 3350 remain weak and sell for targets of 2850 and then possibly 2500 rupees.

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Crude oil future technical analysis for the month of January and also long term investment forecast for year 2019.

Crude Oil future daily chart technical analysis

Crude Oil future on Friday closed at 3185 with loss. On daily chart Crude Oil future price trend and momentum both are very bearish. We saw another fresh breakdown below 3350 and then free fall up to 2993 which is fresh low for crude oil futures in short terms.

Crude Oil future on chart trading way below all short term averages suggesting underlying bearishness of this market. But now his fresh breakdown has its targets around 2850 and below it next support as well as bearish target will be around 2480 rupees.

For Crude oil future in January, crude oil future below 3350 will remain sell on rise and on downside my first target will be around 2850 and if slips below it then expect lower levels up to 2480 rupees.

Crude Oil future weekly chart technical analysis

Mcx crude oil future this week closed at 3185 with loss. This was forth losing week for crude oil future. In last 4 weeks or 1 month, we saw crude oil tumbled from highs of 3800 to 3000 rupees means 800 rupees or another 21% downside for crude prices.

For 2019, mcx crude oil will remain weak and sell. On upside 3950 is major resistance level and below it expect this downtrend to continue towards my long term targets of 2500 to 2000 rupee levels. In severe panic lower levels up to 1500 can be expected here. Expect trend reversal above 3950 on weekly closing basis with strong price action and on volumes.

Crude Oil future monthly chart technical analysis

Mcx crude oil future in December tumbled from 3867 to 2993 means 850 rupee drop. This was third losing month for crude prices and in these 3 months lost almost 2600+ or 46% from the top. Crude oil future are in bear market and before reversal might create panic low around 2000 levels.

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Crude Oil future technical analysis for 24 to 28 December 2018.

Crude Oil future daily chart technical analysis

Crude Oil future on Friday closed at 3236 with loss. On daily chart Crude Oil future price trend is very bearish and fresh bearish momentum is added after fresh breakdown below 3460 rupee level.

For month of December, mcx crude oil future below 3985 will remain weak and my sell targets are around 3055 and then possibly 2550. We saw low of 3186 in this week. Now 3460 is trailing stoploss and below 3385 keep sell on rise view and keep target at 3055 and if slips below 3055 then expect 2550 rupee level for crude oil future.

Crude Oil future weekly chart technical analysis

Mcx crude oil future this week closed with loss. This was second big losing week for crude oil future and in these 2 weeks prices slumped from 3800 to almost 3100 rupees levels.

From medium to long term view, mcx crude oil hit all investment targets of 4200 & then 4600 then 5350 and almost hit last investment target of 5700. Now crude oil finally broken support of 3470 and heading towards long term bearish trend targets of 3065 and then might show 2350 rupee level.

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Crude Oil future follow up analysis for 21 december 2018.

Crude Oil future chart technical analysis

Crude Oil future on last trading closed at 3380 with loss. On daily chart Crude Oil future price trend and momentum both are very bearish. We saw bounce back towards 3985 resistance zone but prices failed to sustain and then sharp selloff given long term major breakdown below 3465 rupee level ad fresh low of 3275 rupees. Below 3465, crude oil now entered long term downtrend and will head for 3055 and then possibly 2550 rupees in month of December. For short sellers 3600 is trailing stoploss and 3055 will be first bearish swing target of downside.

From medium to long term view, mcx crude oil below 3465 remain weak and long term support zones o weekly chats are around 3065 and then 2350 rupees. These levels can be expected in upcoming weeks.

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Crude Oil future technical analysis for 17 to 21 December 2018.

Crude Oil future daily chart technical analysis

Crude Oil future on Friday closed at 3684 with loss. On daily chart Crude Oil future price trend is very bearish but now momentum is building on long side on account of value buying as well as short coverings. We saw crude made low around 3465 and still holding it.

For month of December, mcx crude oil above 3465 will remain buy on dips with strict stop loss and traders can expect 3985 rupee target for this energy commodity. If gives breakout above 3985 then expect big short covering rally up to targets of 4500 and above. On downside 3550 and then 3465 are support zones and those levels are most important for short term traders.

Crude Oil future weekly chart technical analysis

Mcx crude oil future this week closed at 3684 with loss. This was first losing week for crude oil future after last week’s bounce back move.

From medium to long term view, mcx crude oil hit all investment targets of 4200 & then 4600 then 5350 and almost hit last investment target of 5700. Then correction towards supports hit all those level on downside also And now crude oil look like taken support at 3470 and now inching towards 4200 & 4500 levels on weekly chart.

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Crude Oil future technical analysis for 10 to 14 December 2018.

Crude Oil future daily chart technical analysis

Crude Oil future on Friday closed at 3849 with huge gain. On daily chart Crude Oil future price trend is very bearish but now momentum is building on long side on account of value buying as well as short coverings. We saw crude made low around 3465 and still holding it.

For month of December, mcx crude oil above 3465 will remain buy on dips with strict stop loss and traders can expect 3985 rupee target for this energy commodity. If gives breakout above 3985 then expect big short covering rally and targets of 4500 and above.

Crude Oil future weekly chart technical analysis

Mcx crude oil future this week closed at 3849 with gain. This was first gaining week for crude oil future after last 8 weeks continues sell off and in this week we saw rally from 3560 to high of 3867.

From medium to long term view, mcx crude oil hit all investment targets of 4200 & then 4600 then 5350 and almost hit last investment target of 5700. Now correcting towards supports. Below 4200 expect deeper correction towards historical support of 3470. And crude oil taken support at 3470 and now inching towards 4200 & 4500 levels on weekly chart.

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Crude Oil future technical analysis for December 2018.

Crude Oil future daily chart technical analysis

Crude Oil future on Friday closed at 3576 with loss. On daily chart Crude Oil future price trend and momentum both are very bearish. We saw breakdown below 5150 and then free fall up to almost 3400 and hit all my bearish targets in November.

Crude Oil future on chart trading way below all short term averages suggesting underlying bearishness of this market. But now look like formed bottom around 3450. Crude still in bearish zone but might bounce back towards 3985 levels on value buying as well as short covering rally.

For Crude oil future in December, 3985 is crucial level to watch. Below it will continue its downtrend and might show record low levels of 3050 and then possibly 2550. But if gives breakout above 3985 then expect sharp and strong short covering rallies up to 4500 to 5440. Traders with long positions crated on lower levels keep strict stop loss around 3450 and expect target of 3985 in upcoming weeks.

Crude Oil future weekly chart technical analysis

Mcx crude oil future this week closed at 3576 with loss. This was eighth losing week for crude oil future. In these 8 weeks crude oil future tumbled from 5600 to almost 3400 means almost lost 2200 rupees or almost 40% from the top!! Means crude oil technically entered bear market. Crude oil future trading below all major weekly averages with oversold indicators and oscillators. So expect bounce back ahead. From medium to long term view, mcx crude oil hit all investment targets of 4200 & then 4600 then 5350 and almost hit last investment target of 5700. Then on correction hit all these level on downside and now hit historical support of 3470. Below 3470, long term trend become bearish and levels up to 3050 to 2350 are possible but above it expect upside towards 4200 to 4500 rupee levels.

Crude Oil future monthly chart technical analysis

Mcx crude oil future in November tumbled from 4860 to 3460 means 1400 rupee drop. This was second losing month for crude prices and in these 2 months lost almost 2200 or 40% from the top. Here 3470 is crucial long term level to watch above it expect 4200 to 4500 again on value buying. But if lips below 3470 then bearish market become more intense and levels up to 3050 to 2350 can be expected for crude oil market.

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Crude Oil weekly: hit 4600-4300 sell TGTs next support to watch @3750-3450

Crude Oil future technical analysis for 19 to 23 November 2018.

Crude Oil future daily chart technical analysis

Crude Oil future on Friday closed at 4054 with loss. On daily chart Crude Oil future price trend and momentum both are very bearish. We saw breakdown below 5150 and then free fall up to almost 4000.

Crude Oil future on chart trading way below all short term averages suggesting underlying bearishness of this market. On chart, crude oil 5 days average is around 4175 and above it 4800 is 50 and 100 days averages strong hurdle. Crude oil daily chart stochastic is oversold but still looking bearish while MACD is way below zero with bearish divergences.

Crude oil future hit November sell targets of 4600 and then 4300 and now inching lower in super bearish trend towards next support as well as target levels of 3750 and 3450!

Crude Oil future weekly chart technical analysis

Mcx crude oil future this week closed at 4055 with loss. This was sixth losing week for crude oil future. In these 6 weeks crude oil future tumbled from 5600 to 4000 means almost lost 1600 points or 29% from the top!! Means crude oil technically entered bear market. Crude oil future trading below all major weekly averages, on upside 400 is 5 & 50 weeks average level and above that 4770 is 20 weeks average zone. These levels will remain as strong hurdles.

Crude oil future weekly chart stochastic is entered oversold zone but still with bearish crossover. Weekly chart MACD is below zero and with bearish divergences.

From medium to long term view, mcx crude oil hit all investment targets of 4200& then 4600 then 5350 and almost hit last investment target of 5700. Now correcting towards supports. Below 4200 expect deeper correction towards historical support of 3470.

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