🛢 CRUDEOIL – Weekly Outlook (4H Timeframe)
Published by: Shalvi Sharma (Power Commodity Trading)
Crude is trading around 5568 and approaching a crucial triangle breakout zone.
⚠️ Key Levels:
🔍 Technical Outlook:
Price is compressing within a symmetrical triangle formation.
A breakout above 5600 with volume confirmation could push price towards the 5800 zone.
However, Bearish Order Block (OB) awaits near 5800 — this zone has historically rejected upside moves.
🎯 Possible Scenarios:
📌 Wait for confirmation — breakout with volume will be the key driver.
Stay nimble and trade with defined risk.
#CrudeOil #MCXCrude #PowerOfCommodity #TriangleBreakout #TradingViewIndia #EnergyMarkets #TechnicalAnalysis
Comment below if you think it's bearish?
Published by: Shalvi Sharma (Power Commodity Trading)
Crude is trading around 5568 and approaching a crucial triangle breakout zone.
⚠️ Key Levels:
- Breakout Resistance: 5600 – 5675
- Bearish OB Zone: 5675 – 5800
- Immediate Support: 5374 (EMA55)
- Demand Zone: 5180 – 5270
🔍 Technical Outlook:
Price is compressing within a symmetrical triangle formation.
A breakout above 5600 with volume confirmation could push price towards the 5800 zone.
However, Bearish Order Block (OB) awaits near 5800 — this zone has historically rejected upside moves.
🎯 Possible Scenarios:
- Bullish: Break & hold above 5600 → Upside targets: 5675 → 5740 → 5800
- Bearish: Rejection at 5600 – 5675 → Downside pullback possible towards 5400 – 5374
📌 Wait for confirmation — breakout with volume will be the key driver.
Stay nimble and trade with defined risk.
#CrudeOil #MCXCrude #PowerOfCommodity #TriangleBreakout #TradingViewIndia #EnergyMarkets #TechnicalAnalysis
Comment below if you think it's bearish?
Trade active
CRUDE OIL UPDATE – 4H TIMEFRAMECrude is trading near the upper trendline resistance, with price inside a rising channel.
Momentum is still intact but facing supply pressure near 5670–5700 zone.
11th June - Inventory Day:
Post-inventory, sharp movement likely—watch for breakout above 5700 for bullish continuation or rejection to retest 5420–5480.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.