Cruid Oil Cup & Handle PatternCrude Oil Cup & Handle Setup in Daily Chart.
Ready to Brackout.
( Only for Educational Pattern)
Crudeoil!
#crudeoil- Weekly analysis bullish trend0- if crude start trading above 4865 and sustains this level up-- it will hit **5181-- 5600** soon
1- According to major S&R Near Resistance for crude will be test 4963 level on weekly basis, till here one should go long.
2- If want to try short - short around this level- 4960-65 sl 4988** points target 4780, 4700 again there is support,
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Trendline Breakout In Crude Trendline Broken at 64.5 and we can see bearish movement till 63.
on Monday we can expect Market to retrace till 63.6 to 63.8 levels based on trendline and then we can expect downward movement only if Trendline is not broken.
Crude Oil to reach 5,450 by mid June 2021_ 13% upDate : 29 April 2021
Crude Oil (CMP: 4,818)
Cup and Handle Pattern Formation.
Target and Stop Loss given in the chart
CRUDE OIL : Corrective sequenceAfter a lot of choppy sessions & an upside move , crude struggled the level of 64.5 $ & bears took control over there. As per the current structure we can anticipate a zig-zag correction having wave B completed at the level of 64.4 $ . We expect a downside movement to break the level of 57$ at least. The key level should be watched 64.5 as the SL,
CRUDE OIL - INTRADAY ANALYSIS 27/04/21LEVELS are marked in the chart , These are the strong support and resistance in the upcoming market.
Double bottom in 30 mins timeframe
And as per the chart pattern the market has moved up.
Now it has hit the strong resistance at 4691, and its time for a reversal which is a
down rally.
We also need to check the inventory release for tmrw and involve in positionfor intraday
its a sell now and can expect the target as 4653
usoil trade setup oil taking support in zone 57 58 continuous , heavy fall only after close below his , while 5 week rejection suggest a push move at higher areas
Crudeoil - Flag patternCrudeoil forming Flag pattern after a long waited Ascending triangle break. Its time for the price to break the channel and move forward in todays session.
WAVE C SETUP - WTI CRUDE OILVIEW:
Crude oil appears to be ripe for down move...
Structure/Pattern:
Impulse + correction ==> Impulse ==> wave c/wave 3?
