CRUDE TREND NOW

TREND POSITIVE ABOVE day TL

PRESENT ZONE- At 1 HOUR DEMAND ZONE.NEW 1 HR SUPPLY ZONE's formed today.
Below 1 HOUR DEMAND ZONE's available.

FORECAST -As per ZONE between S&D zones.Grinding expected

My take-
Above lots of supply zone.Requires some positve or negative news.other wise grinding only.

(IF HELPFUL PLS CLICK THE BOOST ICON)

Trade active:

As told,
news came that "The International Energy Agency's announcement that the oil market won't be as tight as initially thought for the current quarter, attributed to better-than-expected production growth in the US and Brazil." & US crude stocks rose by 3.6 million barrels last week, more than market expectations of 1.793 million.
so going down

if FIRST DEMAND ZONE not respected chances of going to 75 $ is high.

(IF HELPFUL PLS CLICK THE BOOST ICON)

Comment:

As told went below 75 .
Now bouncing high from DEMAND ZONE 1
1 hour Demand zone formed today
Chances oftouching 76 is possible.

then must cross the previous high of 76.67.

If not will go down again.

IF FOUND USEFUL KINDLY CLICK BOOST ICON

Comment:

As previous high of 76.67 $ crossed targetting next supply zones at 77.13$ & 77.62$ zone.
Grinding possible here if no news flow/events happens.

Comment:

as told earlier grinding at 77 $ range.

week end opec news flow has to break the range either up or down.

Comment:

as told news has come

WTI crude futures fell nearly 3% to below $76 per barrel on Wednesday, driven by concerns about a potential delay in the OPEC+ meeting scheduled for the upcoming weekend. The uncertainty emerged as Saudi Arabia expressed dissatisfaction with other member countries regarding their oil production levels. Previously, there was speculation that major producers might further reduce supply to support prices at the meeting on November 26.

next will target monthly demand zone at 75.this must be respected
below that 74.15 $
must go above 76 and sustain for any reversal.