🔹 Timeframe: 1 hour
🔹Bull above 6500
🔹CrudeOil may test resistance at 6568 per barrel, a break above could lead to a gain into 6500 range.
US refineries resuming operations after outages, boosting demand.
Weaker dollar makes oil cheaper for buyers, increasing demand.
Geopolitical tensions add support to prices.
But, US crude inventory build raises...
📊 Analysis
🔍 Timeframe: 1 hour
📈 Strategy: Bullish, then Bearish
Observing a robust rejection point at 6600. Anticipating either a range-bound market or rejection from a bearish OB.
Considering recent news:
Oil prices remain in a tight range amid Red Sea ship attacks and demand worries. Brent crude and WTI show slight gains at $83.57 and $78.48, supported by...
EA's Optimistic View:
IEA forecasts global oil supply to outpace demand, with non-OPEC countries leading the rise.
OPEC's Limited Options:
OPEC faces challenges as demand for its oil is predicted to decline, limiting room to lift output without oversupply risks.
Dubious Non-OPEC+ Increase:
Doubts arise over IEA's projection of a 1.6 million barrels per day...
Crudeoil Update || 15 Feb
Timeframe: 1 Hour
Strategy: Short
🔸Bearish below 6310 - target 6270, 6230
💥Crude oil prices decline due to an unexpected 12 million barrel
💥Increase in US crude stockpiles, according to ANZ Bank.
💥Gasoline inventories drop by 3.7 million barrels, mitigating losses.
💥OPEC's monthly report fallout continues as Iraq and Kazakhstan commit...
Timeframe: 1 Hour
Strategy: Long
🔶BULL above 6400 --- target 6486, 6520
🔶WTI crude futures stayed around $77 per barrel, near a two-week high, due to ongoing tensions in the Middle East.
🔶Israel's airstrikes in Gaza and Hamas ceasefire rejection impacted oil prices, but talks in Beirut hinted at easing tensions.
🔶Concerns about inflation and potential delays in...
Timeframe: 4 Hourr⏰
Strategy: Neutral
WTI crude rose above $76 per barrel, up nearly 6% for the week, driven by ongoing Middle East tensions. Geopolitical events, including an Israeli-Hamas conflict and a US strike in Iraq, influenced prices. Additionally, US gasoline inventories dropped more than expected.
If it fails to sustain above 6300, then crude will...
As my previous analysis my first target is almost reach.
My Nest target are:
2nd: 6526
3rd: 6799-6800
But I'm expecting a profit booking will happen and price may consolidate or down by 6240.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Lots of News and Up n Down. Will More fall be there in Crude or it will Consolidate here for sometime. We will wait for inventory Data and Any news
RED SEA NEWS and WAR NEWS will have major impact on this....
Till Enjoy weekend and do your study chart and levels is here.. :)
#CRUDEOIL || 2nd FEB || Intraday setup
🔸Timeframe: 1 hour
🔸Strategy: Short
Target - sustain below 6157
INVALIDATION above 6200
________________
The OPEC+ monitoring committee's decision to maintain oil-output cut plans and the expectation of a gradual reversal of cuts have provided support to oil prices. The high conformity among members adds to the market...
TIMEFRAME : 1 HOUR
Indicator Used: The analysis involves the use of the 100-day Exponential Moving Average (EMA), a common technical indicator in financial markets.
Sustainability Requirement: The focus is on whether the price of crude oil can maintain its position above the 100-day EMA.
Bearish Signal: If the price fails to sustain above the 100EMA, it is...
crude mcx looks rounding pattern which is showing if mkt hod abv 6300 than nxt up side move 6680-6750++++ where spot abv 78.55 looks 81--82$ soon as per chart structure or if break or close blw support 6280 thna it may reject
🔶Timeframe: 1 hour
🔶 INTRADAY TARGET - Target: 6360, 6380
🔶Oil prices dipped due to weak Chinese economic data, but monthly gains are expected amid escalating Middle East conflicts. U.S. inventory data showed mixed results, while concerns about demand persist.
🔶Crudeoil inventory data at 9 pm today.
price hovering between the order block from higher time frame
and other factors considering that crude is good option to go LONG
like to target near 6800 and 7200 levels
further updates will be add on as per market movement
