Crude Oil ne April ke dauraan aik significant bullish rally dikhayi thi jab yeh $81 ke aas-paas gaya tha, lekin phir US ke strategic reserves ke release aur global demand concerns ki wajah se isne correction lena shuru kiya. Ab yeh correction ke baad $78–$80 ke beech aik consolidation zone mein hai.
Fundamentally dekha jaye to US ne apni strategic petroleum reserves (SPR) ko refill karne ki baat ki thi, lekin abhi tak full-scale buying start nahi hui, jiski wajah se speculative demand weak rahi. Dusri taraf China ka industrial production data mixed raha hai kuch segments mein recovery dikhayi di hai lekin overall demand pressure mein hai, jo Oil demand ke liye bearish signal hai. OPEC+ ki taraf se production cuts abhi bhi apply ho rahe hain, lekin Russia ne kuch overproduction ki reports di hain jo overall supply ke hawale se bearish signal deti hain.
Ab agar hum technical analysis karein to daily chart pe CL Crude Oil ne ek double top pattern form kiya hai near $81.20, jo ke bearish reversal ka indication deta hai. Price ab apni 50-day EMA ke neeche consolidate kar raha hai. RSI indicator lagbhag 47–49 ke range mein hai jo neutral momentum dikhata hai, lekin overbought bhi nahi hai. MACD histogram thoda negative mein hai, jo bearish pressure ko support karta hai.
Support aur resistance levels ki agar baat karein to:
- Strong support: abhi $78.00, phir $76.50, aur major support $74.20 ke aas-paas hai. Agar price $78 ka level todta hai, to fast selling dekhne ko mil sakti hai jo price ko $76 ya usse neeche $74.20 tak le ja sakti hai.
- Immediate resistance: $80.60 hai, jahan se price ne recent turn liya. Uske baad resistance levels $81.20 (double top area) aur $83.00 hain. Jab tak price $81.20 ke upar breakout nahi deta, upside limited rahegi.
Forecast ki agar baat ki jaye to short-term mein CL Crude Oil sideways ya slightly bearish bias ke sath trade kar sakta hai jab tak koi major fundamental trigger nahi aata. Lekin agar US ya China se koi positive economic indicator aata hai ya Middle East mein geopolitical tensions barhti hain to yeh pair wapas bullish momentum le sakta hai. Medium-term mein agar Oil $78 ka support hold kar leta hai to wapas $81–$83 tak ka bounce de sakta hai. Lekin agar yeh support break hota hai to $76.50 tak ka drop possible hai.
Traders ke liye strategy yeh honi chahiye ke agar price $78 par strong bullish rejection candle banata hai, to long position lena theek rahega target $80.60 aur $81.20 tak rakhein. Stop loss $77.20 ke neeche hona chahiye. Agar price $80.60 ke resistance se reject hota hai to wahan se short lena safe ho sakta hai target $78 aur $76.50 ho sakta hai, with SL $81.30 par.
Crude Oil ka market highly news-sensitive hai. Is liye geopolitical updates (khaaskar Middle East, OPEC+, aur Russia se related) aur economic data (US inventories, China imports, etc.) ka closely observation karna zaroori hai. Weekly inventories report aur OPEC ka monthly bulletin critical honge agle kuch hafton mein trend determine karne ke liye.