Crude Oil taking a long rest here after OPEC cuts supply, trade talks in focus and the ladder is still on.
Crude Oil four hour chart looks bullish
Crude Oil may break long consolidation zone
crude is testing a major swing edge at 47.30.. holding above it can see quick move to test 49.6 areas
It's seems WTI Crude Oil making it's bottom following nice positive volume after so long.
Brent Crude has been in a falling channel for few weeks now and that channel has been violated. Price has also retested the channel once. So assuming the low will hold Buy at 63 with a Stoploss of 59 Targets can be 64.3, 68.6 and 72.
Crude WTI should cool down to $64 before starting yet another leg.
Crude Oil (USOIL) hourly chart study
BRENT CRUDE LIKELY TO HIT USD 29 LEVELS
Crude Oil (USOIL) 15 min chart study - Triangle
Buy USOIL at 68.15 T1: 69.10 T2: 69.90 SL: 67.15
[/Hi, Today i would like to present the Point and figure method analysis of correlation between WTI Crude price and stock price of Oil Marketing Companies like HPCL.(HINDPETRO:NSE) The WTI crude corrected 2.38% yesterday. Let us see how the HPCL chart is postioned.The Crude price is a significant influence on balance of payments for India as the Crude is the...
Breakout above 69.50 may take to higher levels and looking good buy with a stop loss of 67.
Crude Weekly is at make or break level, Also RSI is seen showing divergence.
NYMEX:CL1! Monthly Chart: ABCD Pattern on process. (D wave in making). T arget is $72 by mid June 2018. Also it is in safe buy zone = above $50. ( Trading above 0.618 of Fibo retrace of B to C wave). below $41 pattern gets nulled. Do Not to trade.
Short Crude oil below 73.80 T1: 72.85 T2: 70.80 T3: 69.50 SL: 74.55
Will it do what it always does? Thats the question that will be answered today. No risk no gains...
Its not what we see and do that happens... lets see how this works out...