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CRUDE set to fire 82 $ 90 $ 104 $ ????Crude Daily Elliot waves count suggest big UP setup in progress right now 55 $ key level to watch for buyer Extension point Due to amid middle-east war situation may trigger Up move impulse wave towards 82 $ to 104 $ range EW count are keeping changing during different price action in different time frame & multiple forecast . this educational based chart as per EW theory method

Crude oil------sell near 61.60, target 60.00-58.00 Crude oil market analysis: Crude oil has also started to fluctuate recently. Yesterday's daily line finally began to decline. Crude oil is bearish in both the big and small trends. Continue to sell when it rebounds to the moving average. The crude oil pattern is still weak on the daily line. The current suppression position has begun to move down. Crude oil 61.68 is an opportunity to sell. The daily moving average has begun to rush down. Don't intercept it. Fundamental analysis Today, we will start to pay attention to the ADP data, as well as PCE data and EIA crude oil inventory data. Operation suggestions Crude oil------sell near 61.60, target 60.00-58.00

Oil : April Could Be the Worst Month in Three and a Half Years Oil Prices: April Could Be the Worst Month in Three and a Half Years As the XTI/USD chart shows: → at the beginning of April, WTI crude was trading above $71 per barrel; → this morning, on the last day of the month, the price has fallen below $60. The overall decline may reach 16% — the worst monthly performance since November 2021. Why Is Oil Falling? The primary driver behind the sharp drop in oil prices earlier this month was the introduction of new US tariffs, particularly targeting China and the EU. This raised concerns that a potential global trade war could slow economic growth and, in turn, reduce global oil demand. According to a Reuters poll, the tariffs imposed by Trump have made a global recession in 2025 a realistic risk. In addition, growing attention is being paid to OPEC+ and its plans to increase oil production. The next meeting is scheduled for 5 May. Technical Analysis of the XTI/USD Chart Oil price fluctuations in 2025 have formed a descending channel (highlighted in red), with lower highs and lower lows reflecting continued bearish sentiment. Bulls may hope for support to emerge around the $58.85 level, as: → this has acted as support before (as indicated by arrows); → this level aligns with the lower boundary of a local upward trend (shown in blue), which formed after news broke that Trump had postponed the implementation of some tariffs — triggering a sharp rebound in oil prices from the 9 April low. Nevertheless, the broader structure remains bearish: the rise towards point C appears to be a corrective recovery following the impulse drop from A to B. Given the potential impact of upcoming news — including statements from the White House and OPEC+ decisions — a bearish breakout below the blue channel cannot be ruled out. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

75: Decline in Oil Tankers to China Signals Weaker Demand The number of oil tankers heading to China has dropped to its lowest in nearly two years, indicating weaker demand in the world's second-largest economy. Bloomberg reports only 86 supertankers en route over the next three months, the lowest since August 2022. Current Scenario: After holding $70 on the weekly chart, oil prices are attempting to reach new highs around $90. This movement suggests bullish momentum as the market reacts to shifting demand dynamics. Bearish Scenario: If oil prices fail to maintain momentum and drop below the recent low, we could see a trend reversal. Key support to watch is around $60, where buyers might step in again. Bullish Scenario: If oil prices break above $90, we could target $100 as the next major resistance level. Sustained bullish momentum would be necessary for this upward move, potentially driven by improving economic indicators or geopolitical factors.

CL-Oil Moving forward..This week I have a eye on 80.50 for price to reach. We have closed in the weekly fvg and now lying within a Daily FVG and Daily V.i The Daily V.i is important to reference as Monday we can trade higher into this.

OPEC+ meeting incoming Initially postponed due to member disagreements, the OPEC+ meeting is now set for Thursday. Discussions are poised to delve into the consideration of deeper oil production cuts. Analysts foresee the potential extension or intensification of supply reductions into the coming year to stabilise oil prices, which currently hover around $80 a barrel. While the possibility of a collective reduction in output exists, specific details remain undisclosed. The delay stemmed from disagreements over output levels for African producers. However, indications suggest a closer approach to reaching a compromise. The meeting's agenda features discussions by an advisory panel followed by a session with OPEC+ ministers. Notably, members such as Saudi Arabia and Russia previously committed to significant oil output cuts. Current discussions revolve around the continuation of these reductions, including Saudi's voluntary production cut and Russia's export reduction, both set to expire by year-end. The likelihood of further oil cuts appears imminent, prompting us to refrain from offering a price prediction. However, I foresee a potential market shift—possibly a 1-2% increase if oil cuts are announced or a corresponding decrease in production sees an increase instead. My belief leans towards the former scenario. Nonetheless, any price hike might be short-lived as Saudi Arabia and Russia's production cuts are set to expire by year-end. Henceforth, it pays to pay attention to this meeting and see what the fine details are.

OILUSD Having surpassed three instances of touchpoints, the price has diligently followed an ascending trend. Regrettably, on Tuesday, August 15, this course was disrupted as the price concluded below 81.70. Forecasts suggest a continued descent in the trend, with the price anticipated to gravitate towards the range of 77.68 to 77.8 in the subsequent occurrences. This shift marks a departure from the earlier upward trajectory, raising expectations of a sustained downtrend for the time being. Traders and observers are keenly watching the price movement to ascertain the accuracy of this projected decline and its potential implications. Meanwhile, as the market undergoes these fluctuations, Wagner Corporation's CEO, Mr. Wagner, has embarked on a well-deserved vacation. In a separate realm, Ukraine's situation takes center stage as they appeal for a period of tranquility and conciliation. Amidst these diverse developments, global attention remains divided between financial trends and geopolitical dynamics, underscoring the intricate interplay between economic and political landscapes.

What 1-hour chart says? Fundamental Development Oil was up on Thursday morning in Asia, extending a cautious rally as signs of a tight market emerge. The European clash with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, also continues. Brent oil futures were up 0.31% to $111.47 by and WTI futures for July delivery rose 0.50% to $110.88. Investors also digested Wednesday’s crude oil supply data from the U.S. Energy Information Administration (EIA). The data showed a draw of 1.019 million barrels in the week to May 20, 2022. Forecasts prepared by Investing.com predicted a draw of 737,00 million barrels, while a 3.394-million-barrel draw was recorded during the previous week. Crude oil supply data from the American Petroleum Institute released the day before, showed a build of 567,000 barrels. Short Term Technical View: In 1-hour chart, XTIUSD is trading middle line of Bollinger band indicator. Right know XTIUSD trading at tight range. As per the 1-hour chart, XTIUSD is trading above today pivot level 109.50. As per my view, buy on dip is good strategy for XTIUSD, buy range is 109.50 to 109, and there is very strong support zone at 108. Alternative Scenario: If XTIUSD will trade below 108 and sustain in U.S. Session so it will be, give great opportunity to sell with the target of 106 with the stop loss of 109.50.

Ending Diagonal and Double Top patterns Drop to the level of 31$The oil price is directly related to the Canadian dollar level, let's discuss oil in light of the Canadian dollar, which is likely enters to a corrective uptrend. The uptrend has ended in the range of USD 43.15, and the price has entered to the corrective phase (the downtrend), the first wave of which ended the range of 36.01. Currently, we are in the C wave from B point, where the price is beautifully forming the patterns of Ending Diagonal and Double Top. Also, divergence is quite visible in MACD and RSI, all these cases indicate a strong downtrend in the direction of C wave and the completion of B / 2 wave, the first target of which is 36.01, and then, according to Fibonacci percentages, it can drop to the range of USD 33 and 31 Please note that the Ending Diagonal pattern is not completed yet, this analysis can be confirmed by crossing the price from a range of 40.17

US Oil Long Resuming long position on oil. Setting up a buy limit order @70 with TP @75 and 80 and SL @66. Might add more buy position if there's more fundamentals support and likelihood that oil's gonna shoot up to 80 within the year, aligned with current overall market expectations. Must be careful with impending volatility www.cnbc.com www.reuters.com www.ft.com Weekly: Confidence: B (because of geopolitical risks involved)