CRUDE Analysis - Continuous, Just as the Markets !

15 Jan 2024

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

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1-15-2024
DN trend with Red TrapZone but Green UMVD at the moment. Price has not retraced deep to the top of the TrapZone and we have RED Bars indicating strong downward price momentum

15 Jan 2024

Nota

1 second Renko settings for Intraday look. Looks bearish as well.

15 Jan 2024

Nota

Daily shows the reason for volatility. all conflicting signals. Green TrapZone, Red Bars and Red UMVD. small sizes and short targets. No homeruns

15 Jan 2024

Nota

16 Jan 2024

Nota

Green TrapZone and Green UMVD at the moment

17 Jan 2024

Nota

19 Jan 2024

Nota

22 Jan 2024

Nota

Trend DOWN with RED trapZOne, Buyers trying to support with GREEN UMVD. If we get RED UMVD, prices may slide fast.

23 Jan 2024

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Green TrapZone, however selling started from Divergence in UMVD. Lets see if GREEN Comes back or Not

24 Jan 2024

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Latest Intraday - Price are getting support from GREEN UMVD

25 Jan 2024

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Latest Intraday - Price are in small trend cycles with UMVD dictating direction. Overall CHURNING higher

28 Jan 2024

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Hourly Check In - Prices are headed to a resistance area. we could be there next week. Also GREEN TrapZone is supported by the GREEN UMVD.

30 Jan 2024

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Latest Intraday

1 Feb 2024

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Latest Intraday

5 Feb 2024

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Side By Side Analysis - Gray Bars on Hourly suggest stalled down momentum. Short term also shows spurts of Buying. Trend is still side ways on the short term. Keep an eye for a Quick retrace ?

9 Feb 2024

Nota

Looks like a reversal than a Retrace

20 Feb 2024

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We are consolidating around 77 as expected and we may break higher as Buyers have good effect on the price. See Renko for better resolution on UMVD.

25 Feb 2024

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Retrace happening after trapping a few Buyers.

5 Mac 2024

Nota

6 Mac 2024

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Crude respecting the UMVD on the Short Term Renko Chart

18 Mac 2024

Nota

Hourly Technical Analysis Check In
Current UP Trend may just be a Long winded BEAR FLAG. but at the moment Buyers - shown by the UMVD are moving the price up with angle 4 in place.