Crude looks bearishSymmetrical triangle bearish breakout. Can go to 62-63 region. Even RSI has broken the support. Shortby saggi26nUpdated 0
Possible Corrective Upmove soonFrom the current pattern, looks like Brent Crude is in the middle of a complex correction and there could be a down move which could have a corrective up move to finish the entire correction. by Divergensity1
ProbableDirectionThe stock would probably hit the channel bottom and the go for a long move toward the resistance or might even continue falling if the channel is brokenby anuj000111
Brent oil analysis: back above 4H 200MABrent oil has retaken the 4H 200MA of $70.47, having bounced up from the confluence of the 50-day and 200-day MAs near $69.11. On the 4-hour chart, I see a falling wedge breakout. THe probability of a rise to $72.00 would rise if the 4H RSI breaks above 48.00. As of now, it is hovering at 45.68. Even if it rallies to $72.00, the outlook as per the daily chart would remain bearish with the 14-day RSI below 50.00 and 5- and 10-day MAs trending south. Further, the 50 and 100 4H MAs have produced bearish crossover. Also, the downward sloping 5-day MA is capping upside at press time. So, a rise to %72.00 looks unlikely. Trade strategy: sell on rise to $72 target $69 with stops above $73.00. by OmiFX81
Crude Oil, story of the Chart.Hi Guys, As you can clearly see in the chart, Brent is entering into the resistance area and also retraced 61.8 percent. it might fall from here after consolidating for some time. wait till it comes out from the area and short when it comes back to retest. good Risk reward from here in the downside. Not a financial advice.Shortby aman120
CrudeOil - Daily BreakoutCrude was in a range for quite some time but it has given a breakout now. Buy on a retest of 63.85 levels with a target of 66.65Longby Lucifer759Updated 0
CRUDEOIL Sell ??After the FALL the recovery rally halted at exact 61.8 % retracement OVERBROUGHT Indicator and Strong Resistance line supports our Analysis Shortby Jeevan_Shetty2
Crude - Uptrend in placeBuy Crude oil on dips around 64. positional targets are 70 and 78.6Longby Lucifer7590
Crude is sell for intradaySell BRENT at 63.1 with a hourly closing SL above 63.55 target 62.4 62.1Shortby Lucifer759Updated 0
Crude - Rudein continuation to what i had twitted earlier , here is the thing. if not negated, we have a massive move coming up !!Longby Soulblighter0
Crudein continuation to my last published chart, here is what all has happened since then.. now facing stiff resistance and in that zone , its worthwhile to see how it behaves. candles say there could be some southward journey while sentiments say time to go up yet again.. we will seeby Soulblighter0