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

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경질 원유 선물 (Light Crude Oil Futures) (NYMEX_DL:CL1!)

업데이트됨

NYMEX_DL:CL1! 경질 원유 선물 (Light Crude Oil Futures)

trendanalysis supplyanddemand fibonacci cl1! crudeoil usoil ukoil commodities oott chartanalysis technicalanalysis parallelchannels

CL1! chart mapping/analysis.

Note: TradingView chart B-ADJ adjusted for contract changes

Crude Oil Futures capitulating from early October rally despite ongoing Middle East tensions & geopolitical uncertainty.

Only macroeconomic narrative/headwind that would override war escalations is increasing probability of global recession-induced demand destruction, IMO.

Notes:

Flat bottom pattern development = bias towards bearish price action, TBC.
Crude Oil = highly manipulated trade with ongoing short-risk from Saudi Arabia &/or Russian market intervention - trade at your own risk to capital.

코멘트:

Flat bottom break confirmed, however no re-test of support from underneath (atleast on 4H timeframe).

Agressive dump into ~75.65 horizontal line (yellow dashed) could infer an equally aggressive pump back above support, especially with OPEC+ market intervention.

Lower timeframe analysis will reveal structuring for the pump, or another capitulation to tap lower range of ascending parallel channel (green line) + 23.6% Fib confluence zone, TBC.