CRUDE OIL (WTI / MCX)

 

CRUDE OIL (WTI / MCX) – STRUCTURAL MARKET JOURNAL

ewavesjournal

---

About This Journal

This page documents the long-term and evolving structure of Crude Oil, observed through WTI Spot (US Crude) and reflected in MCX Crude Oil.

WTI Crude represents the global price structure, while MCX Crude mirrors the same behavior adjusted for currency and contract specifications.

This journal focuses on structure, cycles, and behavior, not short-term trading signals.

---

How WTI & MCX Crude Are Used Here

• WTI Crude (Spot):
  Used to understand primary global structure, trend, and cycles

• MCX Crude Oil:
  Used as a confirmation and reference for Indian market participants

Structural interpretation always begins with WTI, and MCX is used for alignment.

---

Higher Timeframe Structure (Monthly / Weekly)

Crude Oil continues to exhibit a cyclical and mean-reverting nature on higher timeframes. Unlike trending assets, Crude often alternates between expansion and contraction phases driven by supply–demand dynamics and macro conditions.

Key structural characteristics:

• Sharp impulsive moves followed by prolonged consolidations

• Strong reactions near long-term demand and supply zones

• Tendency to revert toward value after extended directional moves

This makes Crude a market that rewards structure awareness and patience, while penalizing emotional positioning.

---

Key Structural Zones (Reference Framework)

These are zones, not exact trading levels.

• Long-Term Demand Zones:
  Areas where price has historically attracted strong buying interest

• Value / Balance Zones:
  Regions where price spends extended time consolidating

• Supply / Exhaustion Zones:
  Areas where rallies tend to slow, stall, or reverse

Behavior near these zones is more important than precise price points.

---

Current Market State

At present:

• Crude Oil is operating within a broader consolidation / range framework

• Price reactions suggest responsiveness to structural zones rather than trend acceleration

• No clear higher-timeframe breakout or breakdown is confirmed yet

MCX Crude continues to reflect the same structural behavior as WTI, maintaining alignment between global and domestic pricing.

---

Update Log (Chronological Record)

16-DEC-2025

Crude Oil respected its broader structural boundaries and remained within its consolidation framework.
Price action indicates balance rather than directional urgency.
Patience and selective observation remain appropriate.

---

(Future updates will be added above this entry)

---

How to Use This Crude Oil Journal

• Use this page to understand where Crude sits in its cycle

• Avoid treating Crude as a one-directional trending asset

• Refer to monthly journal posts for macro and risk context

• Expect infrequent updates, by design

---

Journal Principle

Crude Oil moves in cycles.
Structure defines opportunity, not speed.

---

Disclaimer

This journal is maintained for educational and observational purposes only.
It does not constitute trading or investment advice.