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Crude oil (WTI) is trading around $94.91, below the 21-day SMA and within the uptrend channel that formed on March 10. Crude oil will likely continue to rise in the coming hours until it reaches the psychological level of $100.
Given that crude oil maintains bullish momentum, we could look for buying opportunities whenever the price consolidates above $95.37. We could then expect the price to reach $98, the 8/8 Murray zone, and if this level is breached, it could reach the +1/8 Murray level around $112.50 per barrel.
The Eagle indicator has reached oversold levels and is already showing a positive signal. So, if the price rebounds around $92—the lower band of the uptrend channel—it could be seen as a signal to open long positions.
A drop below the 7/8 Murray level around $87.50 could change the crude oil outlook, and we could expect it to reach the 200 EMA around $78.79 and potentially even reach the 6/8 Murray level around the psychological $75 per barrel mark.
Given that crude oil is in a bullish scenario, the strategy will be to look for opportunities to buy above $95; or, in case of a pullback around $92, we could continue buying in the coming days.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
