CRUDE OIL: Cup & Handle Breakout Loading | Resistance Absorption
Crude Oil has completed a textbook Cup & Handle structure after reversing from the 6,400 demand zone.
Price is now testing a critical supply area around 8,000–8,150 where short-term profit booking is expected.
The broader market structure remains bullish with a clear sequence of higher highs and higher lows.
Recent consolidation beneath resistance suggests absorption rather than rejection, increasing the probability of an upside breakout.
Key Levels
🟢 Breakout Trigger: 8000
🟢 Retest Support: 7850–7950
As long as buyers defend the breakout zone, Crude Oil remains a buy-on-dips market.
#CrudeOil #MCXCrudeOil #CommodityTrading #PriceAction #TradingView #CupAndHandle #MarketStructure #TechnicalAnalysis #FuturesTrading #MCX #TrendFollowing
Price is now testing a critical supply area around 8,000–8,150 where short-term profit booking is expected.
The broader market structure remains bullish with a clear sequence of higher highs and higher lows.
Recent consolidation beneath resistance suggests absorption rather than rejection, increasing the probability of an upside breakout.
Key Levels
🟢 Breakout Trigger: 8000
🟢 Retest Support: 7850–7950
As long as buyers defend the breakout zone, Crude Oil remains a buy-on-dips market.
#CrudeOil #MCXCrudeOil #CommodityTrading #PriceAction #TradingView #CupAndHandle #MarketStructure #TechnicalAnalysis #FuturesTrading #MCX #TrendFollowing
Dagangan aktif
Crude Oil continues to respect the bullish roadmap.
✅ Cup Formation Completed
✅ Bull Flag Breakout Confirmed
✅ Resistance Zone Converted Into Support
Price is trading at fresh swing highs above 8400 with strong momentum.
BUY ABOVE 8470
SL 8330
Targets 8538 - 8606
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.