Crude Oil: Indicators have started to show the first sign of reversal. Now it could just be a matter of time.
#Brent #Crude #CrudeOil #reversal #correction
More from Kunal Bothra
A basic and compressed learning on Fibonacci Ratios
It's called the #Fibonacci sequence, but its origin was in India around 200 BC! Here's how you can use it in the equity market@kbbothra #BNSNPathshala #StockMarket #Nifty50 #StocksToWatch pic.twitter.com/OuGbU4DgrC
— ET NOW (@ETNOWlive) June 3, 2022
More from Crudeoillongterm
On the last two instances, when #Brent #CrudeOil crossed 90, NIFTY (in Blue - Left scale) underwent Correction both the times. This is the third such instance.
— Piyush Chaudhry (@piyushchaudhry) February 12, 2022
Below 90, NIFTY & Brent have had positive correlation, with 90 acting as an inflection point & causing the Divergence. pic.twitter.com/Q9dj8YFpuV
A quick thread 🧵
Daily TF
With the turn-around in price from the initial harmonic pattern, Consequent LH-LL's in place.
Below $101.56, We might catch sight of $87 followed by $78 https://t.co/nvzolftng6
$USOIL
— Gurleen (@GurleenKaur_19) June 6, 2022
With the inching up of reaction lows, the targets are placed at $125 and $134.
In a different case scenario, Let's not rule out the possibility- If the price continues to sustain above the level of $104, Might see a hit towards the level of $150 as well. #CrudeOil pic.twitter.com/p52TnRkBqC
On the Weekly TF, If the price slips and closes below $92.96, the target would be $70.
Interesting Derivatives Data…
#MarketsWithETNOW | Is the #crude concern overblown? What do the charts indicate? What will be the trend going forward? Watch to find out as @kbbothra analyses #Brent #Crude #Oil #StockMarket pic.twitter.com/4SBSfpiKmd
— ET NOW (@ETNOWlive) June 1, 2022
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This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
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