Crude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the...
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Long Time Frame Completed " 123 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Correction Short Time Frame
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure and Retracement Fibonacci Level - 50.00% / 61.80% RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance RSI - Divergence Break of Structure Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Upper Trend Line
We have a chance of Head and Shoulders pattern. now price is approching the right shoulder area. look for short side,when price comes to this area. on bottom side we have a strong support at 4800 levels. keep in long side from this support zone.
Pair : Crude Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line. Completed " 1234 " Impulsive Waves at Fibonacci Level - 38.20% or Previous Strong Resistance. Divergence in RSI
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " A - wxy " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Symmetrical Triangle as an Corrective Pattern in Short Time Frame wait for the Breakout and Retest
In recent days, we have been bullish on crude oil, whether it is the shape or the indicator has formed a big counterattack signal at the daily level of bulls, 74.40 resistance position has not been able to suppress the bulls of crude oil, yesterday we bought at 72.70 and took profits at 74.10! A perfect profit. So how does the oil trade at the current price?
Pair : Crude Oil Description : Completed " 12345 " Impulsive Waves and Making its " ABC " Corrective Waves. Bearish Channel as an Corrective Pattern in Long Time Frame and Its Currently Rejecting from the Upper Trend Line to Complete the Retracement for Break of Structure Entry Precaution : Wait for Breakout and Retracement
Pair : Crude Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 1234 " Impulsive Waves and Rejection from Upper Trend Line. We have Retracement for Break of Structure. Entry Precaution : Wait for the " 5 " Impulsive Wave
Pair : Crude Oil Description : Completed " 123 " Impulsive Wave. Bullish Channel as an Correction after Impulse , It has completed " abc " and Rejection from the Upper Trend Line with Strong Bearish Price Action if it Breaks the Lower Trend Line then Sell Entry Precaution : Wait until it Breaks or Rejects Trend Lines
Crude oil buy in this sideways market. once breakout market will be volatile till 7332 target range. and then may fall from that 7332( after target will confirm)
NYMEX:CL1! Crude oil is moving upwards by marking HH @ 95 and HL @ 81.5, 81.5 is .786 fib support from previous low), Curved parallel channel suggests that max downward should be around 79; which is .886 fib level from 77.71), 97 & 104 will be crucial level in coming weeks as resistance.
Pair : US Oil - Crude Oil Description : Completed the Breakout of the Corrective Pattern " Exp FIAT " and Daily Ascending Trendline in Short Time Frame if it Retest then it will Reject from the Trend Line and if it Breaks then it can Reject from Previous Support Zone
Crude oil..find hammer candle at support..and and it's broke upside..let see
Brent have two recent bottoms 1.June 2023 ($72) and 2. August 2023 ($82.5) and has rallied more than 33% since July. The rally still looks to be continuing without till 496, $98.5 and $100 very soon. Given the strong momentum buildup and supply cuts from OPEC+ has given the oil a due rally which the cartel was expecting since June 2023. Technically speaking...
Crude oil analysis: Recently, crude oil has been in a strong state of shock, boosted by the news of further production cuts by Saudi Arabia and Russia. However, the high fluctuations for many consecutive days have shown signs of reaching a high peak. The key resistance level above is currently at the 88-88.2 line. Similarly, from last week to today, we have been...
The overall trend of crude oil was still very strong yesterday, but there was a retracement that was a bit unexpected, but as long as the direction is right, there is no need to worry about the long way to go. The 86.7 and 86.2 long orders we gave are still ushering in rebound profits. The trend of crude oil during the day will be very critical, and the formation...