Crude Oil Futures (Oct 2024)Crude Oil Futures (Oct 2024)Crude Oil Futures (Oct 2024)

Crude Oil Futures (Oct 2024)

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Crude Oil Futures (Oct 2024) forum


CRUDEOIL1! Based on the chart



📉 Bearish View: Key Observations
1. Price Action
• Price is struggling to break above the Bullish Zone (5884).
• It is currently trading below 5864, which is the neutral zone threshold.
• Multiple rejections from the upper resistance near 5884–5890, indicating sellers are active.
2. CPR and Key Levels
• Price is inside a tight range after failing to sustain above CPR.
• Looks like a lower high is being formed.
3. RSI & Zone
• RSI is around 50, which is neutral.
• Bearish confirmation strengthens if price sustains below 5864 and especially below 5845 (Bearish Zone).
4. Next Target Zones (Support Levels)
• 5845: Minor bearish trigger.
• 5812: Oversold-buy zone (expect some bounce here).
• 5764: Extreme OS-buy zone (final support).



✅ Bearish Confirmation

If price breaks and closes below:
• 5845, you can add to bearish positions.
• Watch for rejection candles or bearish engulfing patterns near CPR top / resistance zones.



CRUDEOIL1! last attempt for expiry, if we see more 50 points from current level 67.50 then we can see expiry around 70. if see any rejection later in day be cautions, trend will be negative, and massive selling will come till expiry as OPEC increased production and still, we are on top. pump is in full swing. Be cautions.


CL1! Came here from gold about a week ago and I've gotta say.. what is with this manipulated tug of war PA? I can see why people prefer to swing CL...





CL1! OIL OILUSD

100% of Qatar's oil exports go through the Strait of Hormuz. Keep that in mind if you're thinking about going long on crude. 📉
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