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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 2024-05-30 View latest technical analysis

10 day averaged volume of Crude Oil is 15262

Date Daily Closing Price Open High Low Volume
30 Thu May 2024 6488.00 6613.00 6621.00 6477.00 1.395 times
29 Wed May 2024 6624.00 6654.00 6728.00 6607.00 0.805 times
28 Tue May 2024 6637.00 6559.00 6650.00 6546.00 0.809 times
27 Mon May 2024 6547.00 6490.00 6565.00 6469.00 0.664 times
23 Thu May 2024 6397.00 6455.00 6556.00 6388.00 1.18 times
22 Wed May 2024 6492.00 6513.00 6538.00 6455.00 1.033 times
21 Tue May 2024 6568.00 6570.00 6593.00 6488.00 1.045 times
20 Mon May 2024 6662.00 6630.00 6721.00 6603.00 0.244 times
17 Fri May 2024 6662.00 6616.00 6675.00 6586.00 0.963 times
16 Thu May 2024 6615.00 6616.00 6662.00 6530.00 1.179 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6505.8, but if it comes above 6505.8, then a intra day buy could be more profitable.
If you take a sell trade below 6505.8, then use 6505.8 as stoploss and 6430.6 as target. However if you take a buy trade in stock , then use 6505.8 as stoploss and 6568.35 as target.

Share price targets for Crude Oil (CRUDEOIL)

Target Type Value
Downside Target 5796.00
Downside Target 5952.00
Downside Target 6367.00
Upside Target 6689.00
Upside Target 6721.00
Upside Target 6728.00
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 6395.33
Downside Intraday Target 6302.67
Upside Intraday Target 6654.33
Upside Intraday Target 6820.67
Upside Intraday Target 6561.67

Weekly technical analysis of Crude Oil (CRUDEOIL)

Date Weekly Closing Price Open High Low Volume
30 Thu May 2024 6488.00 6490.00 6728.00 6469.00 1.049 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
30 Thu May 2024 6488.00 6771.00 6818.00 6388.00 0.92 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Crude Oil in short term but the buy signal is initial and weak.

Crude Oil Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Crude Oil in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 6553.4 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Crude Oil ( (CRUDEOIL) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Crude Oil in short term but the buy signal is initial and weak.

Crude Oil Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Crude Oil in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 6553.4 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.

Click here for Crude Oil charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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