Crude : Key Technical Levels to WatchRecent Price Action & Momentum
Pullback & Demand Defense:
Following a sharp rejection off the $90.559 peak, crude oil experienced corrective red candles down toward the $80.452 zone. Strong demand entered at this level, preventing a deeper slide toward the $74.207 base.
Bullish Rebound:
The latest green candles demonstrate a solid recovery, pushing price back above $84.315 and directly into the underside of the $87.437 resistance zone and ascending trendline.
Technical Scenarios
Crude
Crude AnalysisThe current ~$80 acted as a resistance multiple times pre-conflict, so I expect it to take some support at the current levels. $70 is a multi-year support level and in fact the recent rally fuelled to $120 after the strong breakout and retest from this level. On the otherside, $92 can continue to act as a resistance level in the near term.
Let me know your thoughts/feedback.
Crude Oil Analysis (War Noise v/s Data & Figures)Crude Oil Analysis (4H Chart)
The crude oil inventory data was released on Wednesday, but since then, the prices have fallen strongly:
- It breached the ascending channel formation and made a low of 95.00
But now prices are taking a confluence of support, including:
- the golden fib zone between fib 0.50 & 0.618
- the prices failed to give a close below 200 EMA (black line) and sustained above.
RSI is also making a classic bullish divergence with the prices
And, crude oil inventories are
US Crude Oil (WTI) - 30 Min Chart UpdateUS Crude is in its final corrective Wave C, where it is about to complete Wave 4 in the $99–$100 zone before starting the final Wave 5 upward.
The bigger Wave C is projected to complete near $117, which corresponds to 123% of the bigger Wave A.
Short-term bias remains bullish until Wave 5 within the bigger Wave C completes.
📈 Bias: Short-term bullish
🎯 Key Levels: $99–$100 for Wave 4 completion, $117 for Wave C termination
⚠️ This is not a trade call and is shared purely for educational purp
Crude - Will Fizzle out the same way it always does! Crude/ NaturalGas have been in oversupply for quite some time now.
Especially, Crude - where all Govts are putting in efforts to reduce dependence.
Natural Gas has at least one source where consumption is increasing - Gas based power plants.
My view is that Crude (and NG) is fundamentally getting disrupted and hence will remain low, albeit a few spikes - led by supply shocks.
Stories will be built on this time it's different - As were being built around NG, when it spiked because of an inte
Crude oil. All tgt done My All tgt on crude oil done. Now Crude in over bought condition. Now very Risky to buy buy we can't sell also . So better side wise. Now no technical will work here . It's news based Rally .so wait to settle news .
Now I m sitting with nil position in crude oil .
Now Let trend change . We will sell it. Once trend is changed.
Earlier I told to buy . Now take rest. By view on crude oil is sidewise.
CRUDE OIL By KRS ChartsDate: 2nd July 2025 / 19:35
Why Crude Oil ?
1. Starting with 1H Tf. Accumulation is visible with LLs to Sideways and now HHs & HLs
2. Crude oil Price is currently in Buy Zone with strong support.
3. Recent Gap Dow is likely to be Shakeout for Buyers.
4. In Bigger Timeframe price has made Low in March is likely to be the bottom as per Wave thoery.
5. After that bottom price on Higher low side price accumulating.
6. From Here it seems like bullish side trades will be be
Updated crudeoil chart for aiming 7000+on 24th November I shared crude oil view with potantial target for 7000+ for upcoming days.
On chart my 1st Target is exactly achieved for 6383 on 3rd January 2025 with making high of it.
Now I made updated some potantial support for Crude Oil.
If it comes towards the zone then Crudeoil aiming up fast for 7000+
otherwise crudeoil try to make sideways zone around 6300-6500 for more days.























