Crude Oil weekly chart study

11 בספט׳ 2018

Crude Oil weekly chart study.

We see that the Fibonacci levels as well as the pitchfork boundary coincides and shows a strong resistance and a possible price reversal zone. RSI divergence also substantiates our bias. We will confirm the beginning of a new downtrend only after the wedge breakdown.

2 באוק׳ 2018

הערה

Moving towards the wedge top

4 באוק׳ 2018

הערה

Could face strong resistance hereafter (76-78)

23 באוק׳ 2018

עסקה פעילה

Rising wedge broken

13 בנוב׳ 2018

הערה

Massive fall since the rising wedge was broken and Crude hit the pitchfork resistance.

15 בנוב׳ 2018

הערה

Levels to watch out for next ---> 54-52 zone and 47-49 zone

20 בנוב׳ 2018

הערה

Crude oil currently at 54-52 zone. Expecting an intermediate bounce from here. One should avoid going long as the major trend is down. Short sellers can book profits here and wait for a bounce before taking fresh short position.

24 בנוב׳ 2018

הערה

Crude oil closed below 200 week SMA which is a further sign of weakness.

13 במאי 2019

הערה

.
Moving exactly as expected.
Could face resistance at the pitchfork boundaries as plotted.

24 במאי 2019

הערה

After struggling at the pitchfork boundaries for almost a month now Crude oil is falling sharply

9 במרץ 2020

הערה

.
Moving exactly as plotted.

9 במרץ 2020

הערה

At pitchfork median

20 באפר׳ 2020

הערה

Moving towards the pitchfork bottom