Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)

Crude Oil Future CFD (USD)

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USOIL This weekend OPEC+ meeting. All looking forward to improve market quota. China down and consumption and US with record production no higher cosumption either. Look like bearish on the fundamental side.

OIL_CRUDE
Here is the 2H timeframe.... Definitely not bearish.

I see HH and HL

we are flying soon...
Snapshot

OIL_CRUDE If we close above 61.15 we see 63.50 very soon.

Possibly test 62.30 first the a pullback to 61.15-61.30 then head back to 62.30

62.30 breaks will accelerate mid 60's

Support and resistance are measured at 50% of both swings

Support is determined from the swing low of 55.969 and swing high of 62.477

Resistance is determined from the swing high of 66.286 and swing low of 55.969
Snapshot

OIL_CRUDE stubborn but direction is clear and according to 2D timeframe it is bullish and shorts were pullbacks

Just have a look


USOIL next week crude might head towards 55 soo don't hold buying.