Crudeoil 1 Hr Chart
Price is consolidating in the range of5240-5265 . Main trend is downtrend so far as price has unable to breakout upside as this is a very strong resistance at its Fib level 0.55-0.618.
Sell it below 5240 as it will attract towards the Pivot levels.
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Crude Oil Futures (Jun 2033)
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CRUDEOIL1! - Pitchfork levels
CMP: 5180
TF: Multiple
On hourly TF, price is getting rejected at the supply zone (5280-5320) and this fall could potentially move a lot lower if it fails to move above/beyond 3530 levels.
The immediate supports are the midpoint of the pitchfork line at 5130 and the previous consolidation zone a
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Harmonic BAT or CRAB formation in CRUDEOIL for 5000 or lowerTF: 60 Minutes
CMP: 5156
I have published an analysis based on Pitchfork set up on Crude and you can read about in the link given below.
Here, I am posting the view based on Harmonic Pattern formation.
Since it has closed and sustained below the recent swing low of 5170, two levels have opened up
Light Sweet Crude Oil pressing major support — oversold bounce
Current Price: $56.74
Direction: LONG
Confidence Level: 60% (Price is sitting on a heavily referenced support zone, downside momentum is stalling, and trader discussion is increasingly focused on rebound scenarios despite a weak broader trend)
Targets:
- T1 = $58.30
- T2 = $60.00
Stop Levels:
-
Crude Oil – Sell around 58.90, target 57.00-56.00Crude Oil Market Analysis:
The recommended strategy for today is to sell crude oil. Recent crude oil price fluctuations have been relatively small, and the fluctuations are mostly within a consolidation phase. The recommended strategy is to sell, as chasing this range-bound market is not advisable
CRUDE OIL: No-Bias Trading Oil option traders are bracing for increased volatility by buying synthetic Straddles: Long OTM Call + Short Future.
Being market-neutral, it’s a pure volatility play: it earns on price action in either direction. Once it hits the profit target, owner can close it or manage
This isn't a unique
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Summarizing what the indicators are suggesting.
Neutral
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Crude Oil Futures (Jun 2033) is 61.85 USD / BLL — it has risen 0.67% in the past 24 hours. Watch Crude Oil Futures (Jun 2033) price in more detail on the chart.
Track more important stats on the Crude Oil Futures (Jun 2033) chart.
The nearest expiration date for Crude Oil Futures (Jun 2033) is May 20, 2033.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Crude Oil Futures (Jun 2033) before May 20, 2033.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Crude Oil Futures (Jun 2033) this number is 0.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Crude Oil Futures (Jun 2033) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Crude Oil Futures (Jun 2033). Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Crude Oil Futures (Jun 2033) technicals for a more comprehensive analysis.









