Crude Oil

M30, DPPs/Classic&DeMark's, Stoch, TLs

Since the time Iran - US war broke out in February, oil price remain at a broader range of 84 - 117, Crude has shown it's tendency to bounce back from the base it has created around $86, four instances in the past 3-months is testimony to that.

Its seems almost certain that whenever the price nears around 86, market is struck by some big news that takes the price high, again.
Given the current global ambiguity around the war and it's consequences, Expecting Crude at higher levels giving wide upswings is not unreasonable.

Trade Levels

above $94.70, another good up-swing could be expected,
Immediate support is at $90.12
$85 and below is major support.
resistance remains at the levels of $104, $110

Strict Risk management should be applied and Position should be sized according to individuals risk appetite.
For Educational Purposes only, Not an Investment Advice

daily, gap map



just been added another one at Open

H4, Stoch, DeMark's indy

...and
daily




as "working" range
88-97.40 - between TLs
DeMark's weekly:
97.88/R1
93.15/PP
89.38/S1

$USOIL near support test ~87.86

near 87 soon maybe after -
Talks on a deal to prevent Iran from possessing nuclear weapons have yielded positive results - White House official to Al Arabiya TV

USOIL ~87 test now testing trendline support here now

long scalp USOIL here

a probable bounce here if this holds above 86.50 here $USOIL

bulls failed to hold support need another pullback

USOIL now near first resistance after a bounce

short term oversold RSI combined with 4h/daily/weekly trendline test USOIL - pop or drop here

LMAO

USOIL pump if >86.50. Trump repeats claims that Iran deal is only ‘days’ away

USOIL >86.50 now testing fib level 88.45