BlueHatInvestor

Crude Oil Futures ~ November TA V2 (4H Intraday)

NYMEX_DL:CL1!   Hafif Ham Petrol Vadelileri
CL1! chart mapping/analysis.

Note: TradingView chart B-ADJ adjusted for contract changes.

What's on the chart:
  • Converging parallel channels (light blue) aka diamond box pattern, framing price action into a pennant formation on higher timeframe.
  • Descending parallel channel (white) emphasizing current downward trend since late September peak.
  • Fibonnaci levels highlight key support/resistance zones.
Short-medium term outlook:
  • Sharp reversal (short-squeeze?) from over-selling after breaking out lower range of parallel channel (white).
  • Bullish reversal = rally back above 50% Fib.
  • Bearish continuation = further selling below previous low towards 78.6% Fib / lower range of parallel channel (light blue) confluence zone.

Watch for commodity trading trend/sentiment in either direction - leading into upcoming OPEC+ decision re: 2024 supply cuts, TBC.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.