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...
Crude Oil Analysis⛽ Crude Oil Analysis⛽ Yesterday, as Saudi Arabia announced plans to further cut production, oil prices rose by more than 20 points in a straight line from around 85, and the intraday peak rebounded to around 87.9 The 87.6-7 short order we gave at the end of yesterday did not fall to 86.2-4 until today, giving a profit margin of more than 10...
Crude oil selling Target 1 6572, Target 2 6504, Target 3 6342. Side ways breaking and downtrend formation confirmation
Light Crude Oil Futures (CL1!) - Potential Break out of parallel channel (TBC) - Above 200 week SMA - Several bounces off the 200 week - Long Term Stiff Resistance Overhead Amazing how compressed price is between the 200 week & overhead resistance. Its like a pressure pot about to spring or roll over. Turning the overhead resistance into support would be...
Perfect entry point from technical point of view, I suggested this trade before too. You should target $71 and $74 as TPS. The market will tighten in the second half of 2023 partly due to ongoing OPEC+ supply cuts and Saudi Arabia's voluntary reduction for July. The combination of robust demand reduced exports, and a larger-than-expected drawdown in inventories...
For Friday, the 67.08 level can contain selling through next week, above which 73.28 attainable within a full week of activity, possibly yielding 76.98 within 2 - 3 weeks. Upside Friday, 70.80 can contain session strength, while closing above 70.80 signals 73.28 within 2 - 3 days, able to contain buying through the balance of next week and the point to settle...
MCX:CRUDEOILM1! trading near resistance and 50% fibonacci retracement level. may come downwards if made a reversal successfully between 59010-5880. Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment...
Pair : Crude Oil Description : Impulse Correction RSI - Divergence Completed " 12345 " Impulsive and " AB " Corrective Wave Break of Structure Flag Pattern Bearish Channel as an Correction in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
A technical outlook for the week ahead! -------------------------------------------------------------------- Please, support my work with a like, thank you!
Crude oil fell sharply at the beginning of last week and fell to 63.6. The main reason for this abnormal phenomenon is that the demand for crude oil was affected by the economic recession. Based on the previous news, the main reason for the decline of US oil may be related to the recent news. Too light. After OPEC announced its production cut plan in early April,...