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
Timeframe: 1 hour Strategy: Bearish Macquarie analysts forecast a 5.6 million barrel rise in US crude inventories. Refinery runs and domestic supply are expected to increase. Gasoline and distillate draws are predicted, while jet stocks remain stable. Implied demand is estimated at around 13.9 million barrels per day.
Crudeoil near 6318 is at hourly bottom as indicated by stochastics indicators.
on chart base looks blw 6440 crude dwn ward 6350+++++ sell on rise with tight sl 6529 or let see in inventory time
Timeframe: 1 Hour 📉 Crude oil poised for reversal post-resistance at 6542, with potential retest and move towards the next resistance at 6583. 🔹WTI crude prices stable around $78/barrel for the week. 🔹Initial 2% dip attributed to interest rate and demand worries. 🔹Strong US inflation data suggested higher borrowing costs. 🔹Market recovered as geopolitical...
🔹 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.
Crude oil break the down trend. and now consolidate. Here I have mention the target details: 1st: 6332 2nd: 6526 3rd: 6799-6800