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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 2024-05-31 View latest technical analysis

10 day averaged volume of Crude Oil is 14218

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 6453.00 6464.00 6561.00 6413.00 1.1 times
30 Thu May 2024 6488.00 6613.00 6621.00 6477.00 1.498 times
29 Wed May 2024 6624.00 6654.00 6728.00 6607.00 0.864 times
28 Tue May 2024 6637.00 6559.00 6650.00 6546.00 0.868 times
27 Mon May 2024 6547.00 6490.00 6565.00 6469.00 0.713 times
23 Thu May 2024 6397.00 6455.00 6556.00 6388.00 1.266 times
22 Wed May 2024 6492.00 6513.00 6538.00 6455.00 1.108 times
21 Tue May 2024 6568.00 6570.00 6593.00 6488.00 1.122 times
20 Mon May 2024 6662.00 6630.00 6721.00 6603.00 0.262 times
17 Fri May 2024 6662.00 6616.00 6675.00 6586.00 1.034 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6494.1, but if it comes above 6494.1, then a intra day buy could be more profitable.
If you take a sell trade below 6494.1, then use 6494.1 as stoploss and 6413.8 as target. However if you take a buy trade in stock , then use 6494.1 as stoploss and 6560.95 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 6334.67
Downside Intraday Target 6216.33
Upside Intraday Target 6649.67
Upside Intraday Target 6846.33
Upside Intraday Target 6531.33

Weekly technical analysis of Crude Oil (CRUDEOIL)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 6453.00 6490.00 6728.00 6413.00 1.342 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
31 Fri May 2024 6453.00 6771.00 6818.00 6388.00 0.958 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 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 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 to mid 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 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 SELL signal for Crude Oil in short term and the sell signal is strong.

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. Bears are getting stronger in this stock.

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6534.24 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 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 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 to mid 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 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 SELL signal for Crude Oil in short term and the sell signal is strong.

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. Bears are getting stronger in this stock.

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6534.24 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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