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(CRUDEOIL) Crude Oil complete technical analysis [charts+indicators] | Buy/Sell Crude Oil | (CRUDEOIL) share price targets

Complete technical analysis of Crude Oil (CRUDEOIL) by charts plus indicators, forecast predictions and share price targets for Crude Oil (CRUDEOIL)

Crude Oil trades in COMMODITY in ENERGY sector.

Showing technical analysis as on 2024-05-27 View latest technical analysis

10 day averaged volume of Crude Oil is 16580

Date Daily Closing Price Open High Low Volume
27 Mon May 2024 6547.00 6490.00 6565.00 6469.00 0.611 times
23 Thu May 2024 6397.00 6455.00 6556.00 6388.00 1.086 times
22 Wed May 2024 6492.00 6513.00 6538.00 6455.00 0.951 times
21 Tue May 2024 6568.00 6570.00 6593.00 6488.00 0.962 times
20 Mon May 2024 6662.00 6630.00 6721.00 6603.00 0.224 times
17 Fri May 2024 6662.00 6616.00 6675.00 6586.00 0.886 times
16 Thu May 2024 6615.00 6616.00 6662.00 6530.00 1.085 times
15 Wed May 2024 6551.00 6554.00 6577.00 6415.00 1.914 times
14 Tue May 2024 6512.00 6617.00 6626.00 6501.00 1.265 times
13 Mon May 2024 6594.00 6532.00 6640.00 6516.00 0.704 times

My analysis of stock is bearish for shortterm, and stock might move down till 6491.5 or till 6362.7. Use a stoploss of 6598.85 and if the stock hits stoploss, then it can shoot up till 6706.18

Share price targets for Crude Oil (CRUDEOIL)

Target Type Value
Downside Target 5796.00
Downside Target 5952.00
Downside Target 6367.00
Upside Target 6675.00
Upside Target 6689.00
Upside Target 6721.00
Upside Target 6744.00
Upside Target 6818.00
Upside Target 6955.00
Upside Target 7005.00
Upside Target 7322.00

Intraday share price targets for Crude Oil (CRUDEOIL)

Target Type Value
Downside Intraday Target 6489
Downside Intraday Target 6431
Upside Intraday Target 6585
Upside Intraday Target 6623
Downside Intraday Target 6527

Weekly technical analysis of Crude Oil (CRUDEOIL)

Date Weekly Closing Price Open High Low Volume
27 Mon May 2024 6547.00 6490.00 6565.00 6469.00 0.19 times
23 Thu May 2024 6397.00 6630.00 6721.00 6388.00 0.55 times
17 Fri May 2024 6662.00 6532.00 6675.00 6415.00 1.026 times
10 Fri May 2024 6551.00 6552.00 6689.00 6434.00 0.826 times
03 Fri May 2024 6546.00 6951.00 7005.00 6540.00 1.308 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Crude Oil (CRUDEOIL)

Date Monthly Closing Price Open High Low Volume
27 Mon May 2024 6547.00 6771.00 6818.00 6388.00 0.807 times
30 Tue Apr 2024 6838.00 6940.00 7322.00 6744.00 1.135 times
28 Thu Mar 2024 6909.00 6510.00 6955.00 6367.00 0.892 times
29 Thu Feb 2024 6513.00 6342.00 6598.00 5952.00 0.758 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Crude Oil (CRUDEOIL)

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Crude Oil stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Crude Oil in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Crude Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Crude Oil in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Crude Oil is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6547.31 and Crude Oil (CRUDEOIL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Crude Oil (CRUDEOIL) stock. Volume based technical analysis of Crude Oil (CRUDEOIL) stock is negative.

Crude Oil Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Crude Oil stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Crude Oil in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Crude Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Crude Oil in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Crude Oil is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6547.31 and Crude Oil (CRUDEOIL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Crude Oil (CRUDEOIL) stock. Volume based technical analysis of Crude Oil (CRUDEOIL) stock is negative.

Crude Oil Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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