CRUDE short trade setupon hourly chart crude is making lower highs
price opened gap down and made a pullback
candles on 15m looks weaker on green side and strong on red side
indicating selling pressure
next support or target will be 7300-7200
Crudeshort
CRUDEOILAs crude oil is continuously moving in an undecisive manner, not giving many moves to go long now, we can see a good move from it.
the triangle breakout will give us a good long and short position in the upcoming weeks.
Levels that are holding the immediate support are 85.50 for the short-term period and 82.00 for the long-term period.
levels that are resisting the crude are 90.00 immediate resistance and 93.50 major resistance on the upper side.
Thus, the panic between OPEC+ , RUSSIA , and the USA is making the Crude more indecisive and making the crude market move slower .
In the upcoming days, we can see a one-sided move after the breakout of the triangle pattern .
BELOW 82.00 we can see the targets of 78.00.
Above 90 our first target is to be up to 93.50 and then 95.
NOTE- All the levels are based upon my analysis you should do your analysis and then confirm your trades before taking the trade.
Crude Buy and Sell Zone Marked [For 3rd October ++]
Crude Buying and Selling Zone Marked. Plane Long Trade When it touches the demand zone , and Plan Sell trade when it touches the supply Zone .
Crude Oil | Head & Shoulder PatternAfter a long rally and a series of higher highs & higher lows we are seeing Head & Shoulder pattern at the top of chart in CRUDE suggesting some correction in prices. MACD has also shown divergence, untill the price stays below neckline of the pattern we can see more decline in prices of Crude till 5900 to 5700. Break of the neckline and right shoulder will invalidate the pattern.
crudeones it breaks b point with momentum and stay above that then target is quite big and if couldn't able to cross this line resistance then one can short
Crude Oil taking a long rest here after OPEC cuts supplyCrude Oil taking a long rest here after OPEC cuts supply, trade talks in focus and the ladder is still on.
