Crude Oil Futures: Cup and Handle Pattern 4h

5月15日

CUP FORMATION

• Start Date: April 27, 2025, 22:01
  
• Bottom Date: May 4, 2025, 22:01
  
• Bottom Price: $55.34 (exact)
  
• Cup Duration: 15 days
  
• Cup Depth: $8.66
  
• Cup Shape: Rounded, symmetrical U-formation
  
• Right Rim: $64.00 (May 12)
  

HANDLE FORMATION

• Start Date: May 12, 2025, 10:01
  
• Current Price: $61.68
  
• Upper Boundary: Descending trendline from $64.00
  
• Lower Boundary: Descending trendline near $60.40
  
• Handle Depth: ~$3.30 (38% of cup depth)
  
• Current Pattern: Downward-sloping consolidation
  

PATTERN MEASUREMENTS

• Cup Low to Rim: $8.66 ($64.00 - $55.34)
  
• Current Resistance: ~$63.00 (descending trendline)
  
• Target Projection: $71.66 - $72.23 (breakout point + cup depth)
  

TECHNICAL CHARACTERISTICS

• Smooth, rounded bottom (not V-shaped)
  
• Handle forming in upper half of cup (bullish)
  
• Handle depth less than 50% of cup depth (ideal)
  
• Handle showing typical flagging pattern
  
• Clear, well-defined pattern boundaries
  

The pattern will complete with a breakout above the descending resistance line, currently at approximately $64.00.

5月22日

交易結束：達到停損點