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CRUDEHello and welcome to this analysis UKOIL formed a Bullish Harmonic Gartley near $83.50 in weekly time frame and reversed from there. In the last few weeks after its 1st round of reversal from the Gartley PRZ it has formed a Cup pattern (rounding bottom) in daily time frame indicating a breakout above $98.50 for $106. While CRUDE OIL at MCX has formed an Inverse Head & Shoulder pattern in daily time frame indicating a breakout above 7700 for 8200 and 8800. The movement in MCX Crude will largely be impacted by US$-INR also, keep in mind that factor also.
TVC:UKOILLong
by Dinesh_C_Nagpal
USOIL : Complex Moments For OILUSOIL : Complex Moments For OIL On the 4-hour time frame OIL is showing for a very good bullish price development. And actually, the price can keep rising only if the structure will stop the corrective movement. So in order for us to see OIL to rise more in value the price should stay above 86.90 If the correction will develop lower than 86.90 than we may face a very complex price development that can push the price lower but it can also create anything strange as well. Thank you and Good Luck!
TVC:USOIL
by KlejdiCuni
5
Crude Oil Monthly Forecast Movements 1-30 November 2022 Crude Oil Monthly Forecast Movements 1-30 November 2022 We can see that for this month, the implied volatility is around 13.69%, decreasing from 13.8% of last month. This is currently placing us in the 57th percentile according to ATR and 92th according to OVX Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is: BEARISH Candle : 9.577% BULLISH Candle : 7.46% With this in mind we can expect with a close to 24.4% probability that our close of the monthly candle is going to close either above or below the next channel: BOT: 74.5 TOP: 98.3 Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a : 75% chance that we are going to touch the previous monthly high of 94.4 27% chance that we are going to touch the previous monthly low of 80.5
NYMEX:CL1!
by exlux