Lots of News and Up n Down. Will More fall be there in Crude or it will Consolidate here for sometime. We will wait for inventory Data and Any news RED SEA NEWS and WAR NEWS will have major impact on this.... Till Enjoy weekend and do your study chart and levels is here.. :)
Crude can end its Wave Z around 62-56 levels & we should see at least 7 swings higher towards 100$.
Right entry right Target Entry at resistance and Target at 1st and 2nd support Simple no indicator needed
The OPEC announcement to raise production does not seem to have any effect and Crude Oil seems to be all set to touch USD 121 very soon.
Crude Oil is looking good for a short trade with SL at 8605 !
If crudeoil open in between this channel it may respect marked level work like buy in dip. Another scenario if open gap down below bottom trendline may change to sell trend forthcoming sessions. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Crude Oil : It has break major resistance level 60 and trading comfortably above it. And also has broken long term trend line . Now it is in bullish mode. it may test 77 and next 95 soon. Thanks & Regards jk Like and follow, if you want such more idea.
After nearly 4 months of consolidation, US OIL about to break the crucial zone of 67-68 to witness 75 levels. The bullish momentum above that can zoom the price like anything!
Its been quite a while, we are watching crudeoil's decline, after an energetic run which stopped around 77. prices are juggling between 50and 54 since quite long, 52.20 area always ensured enough supply which in my opinion is a demand zone now. I would suggest going long for 55 with placing SL at 51.90.