CRUDE Oil Inside an ARC

• Crude oil Weekly chart shows price moving inside two Arc's. 
• If price stays within this structure then Price may fall towards 42 and 39 levels.
• If price moves out of the Arc then 51 levels are possible in the short term.
• ES Weekend update

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CRUDE Oil channel and Head and Shoulders patterns

• 4 Hour chart shows the immediate support line for the current fall. Current fall is likely to take price below 44 levels.
• Daily chart is showing bigger possibilities for bears. There is a head and shoulder pattern with 2 shoulders. If this goes well for crude bears price may reach levels below 40 in the near term. There could be bounces But the easier target to predict at this juncture is 42 and 40 levels in the short term.

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CRUDE Oil trend update

• 4 Hour chart shows a head and shoulders Top and subsequent breakdown. The downswing in 4 hour chart will stay effect till price stay below the cloud.
• Weekly chart shows price violating the up trend line from 35 levels and is showing more bearish possibilities. 42 is the crucial level to avoid a bigger breakdown. Immediate level for crude bulls to protect is 45. Below 45 price may fall to 42 levels.

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CRUDE Oil at 200 Day SMA

• Price having closed below 50 Week SMA is finding it hard to move back above this line. 50 Week SMA line and 200 Day SMA on daily chart may continue to act as resistance for the current bounce.
• Immediate strength and weakness can be seen in one hour chart. For now price is staying below One hour cloud which suggests strength for crude Bears.
• S&P 500 Testing resistance zone

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CRUDE Oil Bounce

• Crude oil 4 hour chart shows price moving back into the falling channel. If the falling resistance line acts as resistance the down trend is likely to resume.
• In daily the Bounce can be large But bulls are likely to become weak by the time they get back to the 200 Day SMA.

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CRUDE Oil Broken support levels

• Crude oil daily chart has broken the crucial support zone around 47 .  Daily trend line too stands broken.
• Weekly chart shows a big bearish candle. Its looking good for bears but week need to close at the current levels or lower. Up moves from the current levels are likely to give shorting opportunities in the coming week.

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CRUDE Oil Trend update

• Crude oil daily testing crucial support zone at 47. The trend line which has held so far from 35 levels has been violated But bulls still has hope at 47 level. Bigger worry for bulls only if this level gets broken on closing basis.
• Another negative view for Crude bulls is the position below 200 Day SMA, Recent falls below 200 SMA has resolved in favour of bulls But for now 47 level is crucial for this to repeat.
• APPLE Chart Analysis

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CRUDE Oil Testing Daily Trend line

• Crude oil daily is testing the trend line once again. Most of the recent test of the trend line has worked in favour of Crude bulls. 
• the support zone between 47 and 48 is crucial. If that level breaks then the trend line is not effective any more. If it holds another up swing towards 52 and 53 levels is possible.

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CRUDE Oil weekend update

• CRUDE Oil Weekly chart shows price falling to the up trend line.
• Daily chart is testing 200 Day SMA. Last 3 closes below this line gave good reversals. But risk of a bigger fall exists on closing below this line.
• One hour chart shows a trending move. Hour staying below the cloud will favour bears to extend the down move.

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CRUDE Oil Chart analysis

• Bears managed to close below 50 Day SMA. If price sustains here then next target could be the 200 SMA around 49 levels. 
• Hour chart need to stay below the cloud to keep the momentum in favour of bears.

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CRUDE Oil chart analysis

• Crude oil daily chart shows price near crucial moving average of 50 Day SMA. Right now the line is at 51.45 levels. For bigger correction price should close the day below this line.
• Hour is staying below the cloud. A trending move is possible if price sustains below the hourly cloud. Hope of a reversal for Crude bulls if price moves back above Hourly cloud.

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CRUDE Oil chart update

• Crude oil 4 Hour chart shows price testing the recent support zone at 47 level. Crude bears need this level to break on closing basis.
• Weekly chart too is pausing at the rising support line. Weakness here may lead to bigger correction, On the contrary this area can also act as a support zone for a big reversal.

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CRUDE Oil support and resistance levels

• Crude oil bulls trying to hold above 47 levels. Mild strength if price is able stay above 48.48 and 50 Period SMA shown in 4 hour time frame. Unable to stay above this moving average may lead to a breakdown below 47 levels.

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CRUDE Oil support levels

• Crude oil 4 hour chart shows price nearing recent swing low.
• If the swing low at 47 breaks then the weekly trend line may get tested. This should bring crude oil down to 46 levels approx. This zone must break for bigger bearish possibilities.

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CRUDE Oil chart analysis

 

• Crude oil price contraction in a triangle. Price staying below the cloud may favour crude bears.
• Immediate support and resistance levels shown in last chart. Violating these levels on closing basis may lead to bigger moves.

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CRUDE Oil weekend update

• Crude oil week and Daily chart shows price bulls trying to stay above crucial support levels.
• 4 Hour chart shows price staying below the cloud. If price gets resisted in the cloud then the support levels mentioned in the higher time frames may not work.

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CRUDE Oil support levels.

• If weakness persists Price likely to test the support line and 100 week SMA. These 2 levels are around 46 levels. If holds a bounce is likely from 46 levels. 

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CRUDE Oil support levels

• Crude oil weekly chart testing possible support line drawn from 26 levels through 42.
• Fib levels shows price getting resisted at 78.6% Fib level, But the correction towards 61.8% Took many weeks to happen. 
• Now if the Golden ratio does not act as support price may fall towards 100 Week SMA and a support line drawn in the same chart.
• GOLD Trend and Channel

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CRUDE Oil month chart analysis

• Month chart show crude oil in contraction.
• The high and low of January month candle is crucial. Only a close outside this range will take crude oil away from the Range.

CRUDE Oil weekend update

• Crude oil bulls failed to close near the High's.
• Weakness only if price starts to stay below 50 Day SMA. Upper breakout opportunity exists if price continues to stay above 50 Day SMA. 

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