Crude oil Analysis

Crude Oil Analysis Update: Up to the mark projections
(MI Report: 26 March, 2026)

• When prices were rising after testing the lower trendline of the ascending triangle

• We projected a decline in the prices and that prices might not be able to give a bullish breakout above R1 (or fib level 0.618) @ 94.50

• Oil made highs of 94.20, failed to test R1, and then steeply fell in the ending market hours on Thursday

• While re-testing the lower trendline of the ascending triangle, and making lows of 88.50 =

• = around 570 pips from intraday highs (94.20) & 425 pips from last reporting price (92.75)

• The Primary Sell Stop Signal hit targets, making 100 pips (SS attached below)

Updated chart attached below