Light Crudeoil hourly trend analysis on April 09, 2025Light Crude oil has given a short signal at 69.855 with a stop loss above 79.885. The bearishness will continue with a support at 55.005.
Crudeoiltips
My swing Full Margin Setup on WTI CRUDE OILThis setup taught by my awesome teacher, a legendary trader from Malaysia, Mansor Sapari.
But man, to get this setup, you need to have a very very strong patience. Of course this setup is not my only setup to trade.
In order to get a complete setup:
Must have
-fakeout
-compression
-cap price zone
-support resistance
-supply zone
-resistance become support
-breakout
-double maru candlestick
-divergence on MACD/AO
-some times it goes well if there's a news (fundamental aspect)
Sorry, my english is not very good to explain. But I'll to explain it in video next time.
Please help me to grow my youtube channel, I would like to share and help others in trading. I also need to learn more stuff.
Search & SUBSCRIBE my channel "The Musician Trader"
Will MCX Crude oil Come Back to 5500?Crude oil has broken March 2020 support trendline today. That is indicating a direct sell signal. If crude crossover & closes above to 5160 levels, then it can come out from the downtrend. And we may see 5300 - 5500 again.
According to the current breakout, MCX crude oil may hit the following levels: 4800 - 4760 - 4660 - 4590
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.
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 Intraday Trend Analysis & TipsAs per this chart, MCX crude oil is looking upside. Trend continuation Targets: 2900-3000
Breakout Targets: 2390-2160
