As a investor you are always thinking on ways to multiply your investments and one of the way is to do trading in commodities like crude oil. So million dollar question is How to make 1000 Rs Everyday in Crudeoil?
Disclosure :
I am not SEBI registered. The information provided here is for education purposes only.
I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions.
Crude Oil LIVE Chart with BUY & SELL Signals FREE Automatic Algo India
So best way is to learn Technical Analysis and do proper indicator study, open interest, volumes, MA etc and then take a Buy or Sell call on Crude Oil Day Trading.
But many of us do not have time in a day to do all these things and already busy in company or business work.
Then what is the solution? How to make 1000 Rs each day on Crude Oil Trading?
Do you keep on looking at the Crude Oil Price | WTI Price Chart throughout the day with technical indicators on charts?
Do you keep watching CRUDEOIL Price/Rate Live on most famous websites like Moneycontrol?
Yes, ofcourse this is also one of the way to keep watch on market ….
But its not feasible for every one to do such massive monitoring work manually ..
So there is another way to look at it . .. get help from social media like YouTube where number of experts show live market signals on crude oil throughout the day.
But it is necessary that before you start taking any decisions on these signals, you must validate if they are accurate enough to generate profits for you.
So I am suggesting here one YouTube Channel which is TrekBook India, where they not only transmit live crude oil buy and sell signals based on complex algorithm which runs in the background on their high end computer servers in USA but also they provide education on trading systems.
So post market hours this YouTube channel TrekBook India starts broadcasting FREE lectures on Futures and Options, Commodity, Share market, Nifty and Bank Nifty trading.
On Market days this channel will continuously show the LIVE signals of Buy and Sell
and
After market hours it will show Options trading BASIC Class for FREE (in Marathi)
Just Watch
Crude Oil LIVE Chart with BUY & SELL Signals FREE 24 x 7 Automatic Algo Trading in India
The market time for crude oil in India is 9.00 AM to 11.30 PM in night.
So these LIVE Buy and Sell Crude Oil signals will start showing from Monday till Friday during market hours.
I suggest you can monitor the accuracy of signals by doing paper trading and then decide to do actual trading.
In case you need any help in trading, do not hesitate to contact me on [email protected]
Which is best strategy for crude oil trading?
First and foremost point to keep in mind is that unlike many other commodity or share markets, crude oil may not work well only with Technical analysis based on Oil price action, but also need to do some basic fundamental analysis too.
The Crude Oil supply and demand balances across the globe are a critical factor that can alter and change the Oil trend very quickly.
Hence it is most important to keep an eye on the Oil output forecast and consumption outlook which will give you an extra edge to gain dollars in day trading.
The Crude Oil market is also very sensitive to geopolitical risks like Wars, trade agreements, regulations, and other political events which can directly change the live market prices of crude oil.
So please do keep this at the back of your mind when deciding to trade Brent Crude or WTI Crude in Indian or Forex market on your MT4.
Be it an event that happened in Iran, or weather changes in the Gulf of Mexico, will adversely affect the Oil supply output and hence Supply – Demand Chain.
Another important thing to note is that Crude Oil prices are sensitive to the seasonal pattern. If you get into the seasonal flow say in winter when demand increases of trading Oil, it can be quite rewarding.
FAQ on Crude Oil Trading / Crude Oil Trading Tips
FAQ Crude Oil 1)
Which is the best indicator for crude oil intraday trading?
Momentum oscillators are one of the most popular for crude oil day trading indicators, they directly address the volatile price action typical of WTI futures.
Many times Intra-Day traders who use oscillators gain several advantages when these indicators are applied on all intraday time frames.
Using them you can excel in quantifying short-term trend strength for crude oil daily trend.
Other indicators that I prefer to use for crude oil trading technical analysis are –
-
Stochastic RSI indicator and the CCI indicator over the Crude Oil chart.
Well known to each trader is the Stochastic RSI indicator which is being used from many years by traders worldwide. Further the RSI indicator makes it easy to determine whether oil is in overbought or oversold condition, which assists your buy and sell trigger.
The second technical indicator which is generally used is the CCI indicator.
The CCI indicator used to find cyclical trends in the Oil market and good to indicate a bearish or bullish trend.
Tip : you can try using CCI indicator at 200-periods.Just to make it simple, any positive reading above the zero line is a bullish signal and a start of an uptrend, while a negative reading below the zero line is a bearish signal.
FAQ Crude Oil 2)
Will Crude Oil Price impacted by the US Dollar?
Yes of course!!
Since it is the most powerful and highly traded currency in world, the US dollar surely affect crude oil prices.
Hence the most important part to monitor is the strength of the dollar.. which is simple way to gauge the strength of Crude Oil prices.
As a thumb rule, crude oil prices are inversely proportional to US Dollar.
Means when the US dollar appreciates, crude oil prices will fall and vice versa (means when the dollar falls, crude oil prices will increase).
So you can take US Dollar price as a barometer to forecast Crude Oil prices!!!
Its evident that the USD is most closely tied currency to the price of oil than any other currency in world.
So any event that changes or affects the value of the US dollar can help you making the market predictions quickly.
As an example, say announcements from the FED, the introduction of tariffs, changes in interest rates, and other events which generally can all directly affect the dollar’s overall purchasing power.
FAQ Crude Oil 3)
What are the Crude Oil Trading Hours?
6:00 PM – 5:15 PM EST – Crude Oil futures trade on the CME Globex platform on weekdays time.
9:00 AM to 2:30 PM EST – Primary pit session opens from , which is just 5.5 hours long.
Expiry – The crude oil contracts expires on the third business day before the 25th calendar day and is rolled over into a new front-month contract.
FAQ Crude Oil 4)
When will the Crude Oil market open?
17:00 ET – The Crude Oil market OPENS each Sunday at 17:00 ET.
FAQ Crude Oil 5)
Where is Crude Oil trading today?
Now this is dynamic situation and changes each moment depending upon the market worldwide.
And as you know current war situation across Russia which is major crude oil player is also impacting crude oil prices.
FAQ Crude Oil 6)
Is Crude Oil trading profitable?
Any Doubts?
But .. But .. Crude Oil trading can be profitable with an inherent risk which is there in any other shares or forex or commodity markets across the globe.
Hence if you follow certain discipline, do proper technical analysis, which is supported with fundamentals or an expert, then you will minimize the risk and will be able to do proper money management.
FAQ Crude Oil 7)
What is the best time to trade Crude Oil?
9:00 AM to 2:30 PM EST – The best time to trade Crude Oil is during the primary pit session.
Based on the past data reference, the best time to BUY Crude Oil is in March and in June when the WTI price tends to bottom.
At the same time, the best time to SELL Crude Oil is mid-October when the WTI price tends to reach a top.
FAQ Crude Oil 8)
Is crude oil trading halal or haram?
Crude Oil trading is haram as per some Islamic scholars.
However, others believe Crude Oil trading is halal and permitted if trading is treated like a business.
So its your call if you want to trade in Crude oil or not1!
All the best and Happy trading.
free auto buy sell signal live chart,
crude oil buy sell signal,
crude oil mcx,
crude oil price today live,
crude oil price in india chart,
crude oil news today,
live crude oil price in dollar,
free auto buy sell signal live chart,
crude oil buy sell signal,
crude oil mcx,
crude oil price today live,
crude oil price in india chart,
crude oil news today,
crude oil buy sell signal free software,
crude oil buy sell signal software,
crude oil buy or sell signal,
crude buy sell signal chart,
crude oil live chart with buy sell signal,
crude oil live chart auto buy sell,
free automatic buy sell signal software,
live buy sell signals for intraday free,
auto buy sell signal tradingview,
100 accurate buy sell signal software free download,
indian stock market buy sell signal software free,
nifty live chart with buy sell signals,
auto buy sell signal indicator mt4 free download,
mcx buy sell signal chart free,
Leave a Reply