Probable Scenario Analysis of US Crude Oil 
USCRUDEOIL . It is a weekly analysis (09th Nov to 13th Nov, 2026).
⏺ Present Scenario
Crude Oil is in a bearish setup. The lower-lows and lower-highs (LLs - LHs) structure is intact. Confident bullish sentiment would emerge above 95. On the contrary, if the price stays below 90, then bearishness would deepen. There will be high-impact events on 10th Nov (07:00 PM IST Tue) and 13th Nov (07:00 PM IST Friday).
🟢 Bullish Scenario
Crude Oil is in a bearish setup. There is no evidence of a confident bullish setup yet. However, if the price sustains above 91, then the probable weak bullish targets would be - 92 and 93. There will be strong resistance at 93. Next, if the price sustains above 93, then the probable mild bullish targets would be - 94 and 95. Lastly, if the price breaks above 95, then the probable bullish targets would be - 96 and 97.
🔴 Bearish Scenario
Presently, a bearish setup is active. If the price trades below 89, then be bearish. The probable bearish targets below 89 would be - 88 and 87. Next, if the price breaks down below 87, then the probable strong bearish targets would be - 86 and 85. There will be strong support at 85. Lastly, if the price breaks down below 85, then the probable super-strong bearish targets would be - 84, 83, and 82.
🟡 No Trading Zone: (91 - 89).
⏺ Range of Consolidation (ROC): (93 - 87).
Here, 90 is the median of the ROC. The median works like a trading session sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Events (🔵 Low Impact, 🟠 Medium Impact, 🔴 High Impact):
- 09th Nov (Mon): FOMC Member Bowman Speaks (07:10 PM IST, 🔵 Low Impact).
- 10th Now (Tue): FOMC Member Waller Speaks (02:30 PM IST, 🟠 Medium Impact). Core CPI m/m (07:00 PM IST, 🔴 High Impact).
- 11th Nov (Wed): Bank Holiday (All Day, 🔵 Low Impact).
- 12th Nov (Thu): Unemployment Claims (07:00 PM IST, 🟠 Medium Impact). FOMC Member Goolsbee Speaks (10:00 PM IST, 🔵 Low Impact).
- 13th Nov (Fri): Core PPI m/m (07:00 PM IST, 🔴 High Impact).
● Intraday, Weekly, and Monthly Bias
Establish bias with respect to the opening price (of the particular session - Intraday, Weekly, and Monthly). If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
USCRUDEOIL . It is a weekly analysis (09th Nov to 13th Nov, 2026).⏺ Present Scenario
Crude Oil is in a bearish setup. The lower-lows and lower-highs (LLs - LHs) structure is intact. Confident bullish sentiment would emerge above 95. On the contrary, if the price stays below 90, then bearishness would deepen. There will be high-impact events on 10th Nov (07:00 PM IST Tue) and 13th Nov (07:00 PM IST Friday).
🟢 Bullish Scenario
Crude Oil is in a bearish setup. There is no evidence of a confident bullish setup yet. However, if the price sustains above 91, then the probable weak bullish targets would be - 92 and 93. There will be strong resistance at 93. Next, if the price sustains above 93, then the probable mild bullish targets would be - 94 and 95. Lastly, if the price breaks above 95, then the probable bullish targets would be - 96 and 97.
🔴 Bearish Scenario
Presently, a bearish setup is active. If the price trades below 89, then be bearish. The probable bearish targets below 89 would be - 88 and 87. Next, if the price breaks down below 87, then the probable strong bearish targets would be - 86 and 85. There will be strong support at 85. Lastly, if the price breaks down below 85, then the probable super-strong bearish targets would be - 84, 83, and 82.
🟡 No Trading Zone: (91 - 89).
⏺ Range of Consolidation (ROC): (93 - 87).
Here, 90 is the median of the ROC. The median works like a trading session sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Events (🔵 Low Impact, 🟠 Medium Impact, 🔴 High Impact):
- 09th Nov (Mon): FOMC Member Bowman Speaks (07:10 PM IST, 🔵 Low Impact).
- 10th Now (Tue): FOMC Member Waller Speaks (02:30 PM IST, 🟠 Medium Impact). Core CPI m/m (07:00 PM IST, 🔴 High Impact).
- 11th Nov (Wed): Bank Holiday (All Day, 🔵 Low Impact).
- 12th Nov (Thu): Unemployment Claims (07:00 PM IST, 🟠 Medium Impact). FOMC Member Goolsbee Speaks (10:00 PM IST, 🔵 Low Impact).
- 13th Nov (Fri): Core PPI m/m (07:00 PM IST, 🔴 High Impact).
● Intraday, Weekly, and Monthly Bias
Establish bias with respect to the opening price (of the particular session - Intraday, Weekly, and Monthly). If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.