Weekly Outlook: The entire week for Crude Oil builds towards a dramatic climax on Thursday. The Mercury-Neptune opposition is the single most important aspect for this commodity, promising extreme volatility and a potential trend-defining move.
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Monday, Sep 15th – Wednesday, Sep 17th: Expect choppy and nervous trading. The market will be building tension ahead of Thursday’s major aspect. The bearish tone on Wednesday in the broader market could put some pressure on oil due to demand concerns, but the focus remains on Thursday.
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Thursday, Sep 18th: THE PIVOTAL DAY FOR OIL. The Mercury (news, trading) opposition to Neptune (the planet ruling oil) is a recipe for extreme volatility. Expect conflicting reports about supply and demand, major news from oil-producing nations, rumors, and potential deception in the data. This aspect can produce a massive price swing and is a very high-probability candidate for a major reversal or a violent trend acceleration.
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Friday, Sep 19th: This day will be defined by the aftermath of Thursday’s move. The powerful Mercury aspects (trine Pluto, Zero Declination) suggest that the trend established on Thursday will be confirmed and could see a strong continuation. A reversal of Thursday’s move is also possible under the Zero Declination influence, making this a highly volatile end to the week.
MCX Crude Oil Gann Angle Chart
Crude is heading towards 5800 above 22 Aug Time Cycle high.
MCX Crude Oil Supply Demand Zone
MCX CRUDE OIL Supply Demand Chart : Demand in range of 5491-5512 Supply in range of 5663-5680
MCX Crude Oil Crude Harmonic
Price is forming Shark pattern Bulls should hold 5500-5525 range for a move back to 5729-5850-5920 range.
MCX Crude Oil Weekly
Price has formed weekly doji with inside bar
MCX Crude Oil Monthly
5715 is Monthly Resistance and 5341 is Monthly Support
Crude Astro/Gann Trend Change Date
Key Pivot Dates: Watch 15 September
CRUDE Weekly Levels
Weekly Trend Change Level: 5550
Weekly Resistance : 5623,5697,5770
Weekly Support: 5476,5403,5365,5300
Levels Mentioned are for Current Month Future
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