BRENT CRUDE at 2023 support zoneprice is at 1year support zone, if support breaks we can a extended fall till target 3 and target4
Crude oil making base after a rally from low of 15$-25$ to 100$Crude oil taking support a lower end of the chart and making long term base after a huge rally from all time lows...
Crude oil seems bullish. crude oil on charts seems super bullish. From India context it seem bearish for Nifty.
just for educational purpose.
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Brent Crude ShortI have observed double top patterned is formed in daily chart. I have also drawn regression line into it. Based on both technical analysis, short term move upto USD 89 per barrel can be expected.
This move is for short term. We can expect fall within 1-2 days.
Brent Crude We applied parallel line and 20 moving average on weekly basis. Currently brent crude is trading at USD 97.31 which is upper range of parallel line and just above 20 moving average on weekly basis. If, brent crude could cross USD 100 psychological level on daily closing basis, we could se a good ral
short crude @99 or 100Short crude 99 or 100 for target 92.80
now global situations are bearish thats why short ing crude will give benefit ,
Crude Futures Sideways to NegativeCrude Futures seems to be trading near the top trend line on Monthly chart. Sideways on weekly chart with a Negative divergence. keep Watch closely shorting opportunities may be coming soon.
CRUDE OIL at important juncture - 87, Trade Setups in Daily.Check 'CRUDE OIL at important juncture - 87, watch for Oil companies ' where i have explained the logic of these trades in details.
Sustaining above 87 will mean break of important resistance, change in structure.
Buyers are wiling to buy higher, enter with them.
1. BUY if it sustains above 87.
CRUDE OIL at important juncture - 87, watch for Oil companiesCrude oil is at an important juncture.
1. Around 87 which is an important resistance.
2. Should move down quickly to 46 levels.
3. If we have slower fall that will mean re attempt of 87 and possible long. Exit shorts.
Possible trades should be taken in daily time frame-
1. SHORT - as swing hi
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