crude stya abv 6555 looks up si 6620--6640 buy on dips with strict support sl -- spot crude abv 79 looks 81++++
near to key level of 6550, looks good for 6750 with sl of 6400
🛢️ Time Frame: 1 Hour 📉 Status: Bullish 📅 Date: 12.03.2024 🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range. 🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data. 🔸Expected Traget 1 - 6554 Target 2 - 6584
Timeframe: 1 Hour Strategy: Short 🔸WTI crude prices dropped to around $77 per barrel on Monday for the third consecutive session. 🔸Investor caution prevailed ahead of crucial US inflation data and monthly reports from OPEC and the IEA. 🔸Last week, WTI prices fell by 2.45% due to uncertainties in demand despite extended supply cuts by OPEC+. 🔸China's oil...
CRUDE OIL 20 MAR FUT LEVELS Weekly Range: 244 Points 💰 Buy at 6577.79 🎯 Buy Target 1 - 6609.79 🎯 Buy Target 2 - 6703 📈 Average Position 6549 🛑 Buyer Stoploss - 6496.46 💲 Sell at 6520.21 🎯 Sell Target 1 - 6308.21 🎯 Sell Target 2 - 6215 🛑 Seller Stoploss - 6601.54
MCX:CRUDEOIL1! buy sell levels for crude , short below support, buy above resistance break. avoid between current buy sell zones till breaks.
Classical double top rejection with Triangle patter. It may lead to Short or long as per the level suggestion. It has also volume profile which suggest more selling pressure.
Price action in ascending channel.. as there is no supporting news for crude oil to break resistance.
🔸Timeframe: 1 hour 🔸Bearish below 6485, bullish above 6515 🔸Anticipating a bounce from 6413 support; sustained bearish momentum may lead to further downside levels. 🔸WTI crude drops to $78.5/barrel for a second day. 🔸Demand concerns outweigh OPEC+ supply cuts' impact. 🔸China's 5% economic growth target and voluntary cuts influence market sentime
crude looking profit booking blw 6590 now once can take--sell crdue 6583@--6600 sl 6628 tgt 6528--6506
🔸Timeframe: 1 hour 🔸Crude most likey to touch the support at 6560 and move towards upward direction. 🔸OPEC+ may continue to cut oil production beyond Q1 to avoid oversupply. 🔸Commerzbank predicts oil prices will stay strong at $80 per barrel if geopolitical risks persist. 🔸Extending cuts until year-end would signal market tightness and positively impact prices.
📊 CRUDE OIL 20 MAR FUT LEVELS Analysis 🎯 Weekly Range: 393 ➡️ Buy: 6543.87, Avg Pos: 6497.5 🎯 Buy T1: 6880.87, Buy T2: 7031 ❌ Buyer SL: 6412.87 💰 Sell: 6451.13 🎯 Sell T1: 6395.13, Sell T2: 6245 ❌ Seller SL: 6582.13 Analysis: The CRUDE OIL 20 MAR FUT shows a weekly range of 393. A buy entry is suggested at 6543.87 with average position at 6497.5. Buy targets are...
Crude oil is in strong up trend, hourly indicators are showing a bottom near 6500.
Crude oil bullish on weekly chart. Took support on 200 EMA on weekly chart (White Line). W pattern in making. Demand Zone is marked as Green shaded horizontal area. Double Bottom is marked with 2 Stars which makes Demand Zone stronger. Resistances are marked as red horizontal lines (For Long Term). Stoploss is marked as orange horizontal line (For Long...
Crude oil is very interesting instrument Trying to make impulsive move after corrective wave if it crossess previous month high and sustains then bullish journey may continue
Timeframe: 1 Hour Strategy: Bearish Oil Price Decline: Oil prices extended losses due to a larger-than-expected increase in U.S. crude stockpiles, heightening concerns about sluggish demand. Stockpile Build: U.S. crude inventories rose for the fifth consecutive week, increasing by 4.2 million barrels, surpassing analysts' expectations. Elevated Interest...
WTI recently took support at the 20dma near 74.80 and is now heading higher in wave iii, which can take it to 88$. The rally may not end there as we should develop a five-wave advance. Oil is the outlier in commodities and often manages late-stage rallies before deflationary trends kick in. Stay prepared for an oil price spike in the coming weeks which can impact...
TimeFrame: 1 Hour Crude oil turning bearish, after inventory news Crude oil has shifted to a bearish stance in response to recent inventory updates. The market is now poised to descend towards a key support level at 6460, reflecting the impact of evolving supply and demand dynamics in the oil sector