WTI Crude Oil picks up bids to reverse the previous day’s retreat from a seven-week-old falling resistance line, close to $78.65 by the press time. In doing so, the black gold recovers from a 50% Fibonacci retracement of December 2023 to April 2024 upside, near $77.70. Given the bullish MACD signals and upbeat RSI conditions underpinning the commodity’s rebound,...
WTI Crude Oil prints a four-day losing streak while falling to over a week’s low early Monday. In doing so, the black gold fails to justify the OPEC+ decision to extend the supply cut agreement toward the end of 2024 and gradually withdraw it in 2025. It’s worth noting, however, that a four-month-old horizontal support zone surrounding $76.20-75.80 will join the...
Crude Oil (MCX) Current Market Price: Approximately 7005 We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market. We remain optimistic about crude oil's prospects today. Crude oil has...
The market is overbought at around 76.46, we are expecting a Sell off for about 200 points, This will also mark a weekly correction. The fundamentals are currently supporting this move.
WTI has broken parallel channel and this may be painful. hope it may takes support at line mentioned
WTI has been forming a flat A-B-C correction. According to Elliott's wave projection, the oil future looks bearish. Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal. The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal. If you are a safe trader, you can...
Crude oil making a bearish pattern and still showing the sign of bullishness. Fight between Bull and Bears for the trend to continue. Which way will It go? Crude respects the levels we analyzed In early posts, shows a good move over the period. The up-trend move after the breakout of the price mark of $87.894, was slowed down after the price tried to...
WTICOSUD(Crude Oil) is showing some interesting movement on major levels. Major upper and lower levels could be breached in the future. Crude Oil is showing a strong upward movement in the 1Hour chart breaching the level of $87.894. It seems that the counter is consolidating, if the price retests the levels of $87.80 and makes any type of bullish...
Will Crude “Break Down” Or “Rise”? The current crude chart raises a lot of questions..... Will wticous(crude) break the recent low, or will it show recovery for an upward movement? Is the support level of 83 valid? Are the fibo levels in the 1hour chart working in the favor of a bullish move? If at all the price breaks the 83 mark or support, where would it...
we have predicted this pair and we can see that it can go 132 pips dow from here and then moving up 90 pips and can go till 334 pips up but let us first see the running course of it for now and i hope with this trade you will be able to assist yourself better with our guidance towards the movement of the trade and will make a fortune out of it
WE have predicted this pair and we would like to buy this trade for now till 170 pips up and then sell it from there till 300 pips dowm which is the minimum
we are expecting gbpusd to go up 90 pips up for now hpe you will take full advantage of the analysis and make fortune ut of it
Failures cross the key SMAs join descending RSI line, not oversold, to keep crude oil sellers hopeful amid economic slowdown chatters. The black gold, however, needs to stay below the weekly support line, around $107.00 by the press time, to direct bears towards the last monthly bottom of $101.00. In a case where the energy benchmark fails to recover from $101.00,...
WTI Crude @ 111+ from 101 odd levels. Is the technical Pullback over... Watch out for 111.8-112.8 levels for more resistance... 108 to be small support Even if it breaches 113 still 115 levels will act as resistance... All other levels marked.
hello, it looks like head and shoulders.. soon to meet targets..
WTI Crude is finally breaking out from what seems to be a very very important resistance zone, with Energy stocks already showing strong Relative Strength globally, this could be the cherry on the cake for what lies ahead with Crude. From a tight range is a break out happening which is a very good pivot point to take advantage off here.
Fundamental Development : Oil was up on Tuesday morning in Asia opening higher after falling sharply during the prior session. WTI futures were up 0.97% to $99.50. Both Brent and WTI benchmarks ended the previous session down around 4%, with Brent tumbling as much as $7 a barrel during the session and WTI falling roughly $6 a barrel. China will keep liquidity...
Crude import accounts for nearly 20% of India's import bill. day by day if crude prices goes up, we will see major impact on INR, inflation and profitability of many companies. so if you are currency trader trade carefully.