Important levles for crude oil for 5-5-22. Levels are marked for guidance purpose only . Price is moving with trend line marked. You can consider the trend line as support for crude oil.
There is an harmonic pattern found in crudeoil mcx and Usoil.
Entry & stop marked red and black, targets in blue color.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code...
#CRUDEOIL opened negative and moved 7812,
and taken support range arund 7800
and resistense range around 7950 and positionally
selling range around 7950 and then it may come
7700-7620 levels
CL1! futures broke out of its upward channel in late February and now the upper end of this channel is acting as a good support. If it continues to hold these levels, new highs will be seen pretty soon!
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...
As per price action crudeoil is in sell on rise mode.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish, red - bearish,...
Does this look like a descending triangle chart pattern. Do you think that crude oil prices will trade lower in the coming months? What are your thoughts?
