Crude Oil Update (4-Hour Timeframe)
Chart Overview:
Crude Oil is trading within a symmetrical triangle pattern, with both lower highs and higher lows converging, signaling potential for a breakout soon.
The price has rejected the upper trendline (around 5895) multiple times, highlighting it as a critical resistance level.
EMA Analysis: The price is hovering near the 55 EMA (5836), indicating indecision. A close above this EMA could push the price higher.
Trading Plan:
Entry Long: Above 5900
Target 1 - 6002
Target 2 - 6138
Entry Short: Below 5744
Target 1 - 5450
Target 2 - 5500
Risk Management: Maintain a stop-loss below the triangle's lower boundary for long positions and above the upper boundary for short positions.
Disclaimer: This technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and manage your risks effectively.
Chart Overview:
Crude Oil is trading within a symmetrical triangle pattern, with both lower highs and higher lows converging, signaling potential for a breakout soon.
The price has rejected the upper trendline (around 5895) multiple times, highlighting it as a critical resistance level.
EMA Analysis: The price is hovering near the 55 EMA (5836), indicating indecision. A close above this EMA could push the price higher.
Trading Plan:
Entry Long: Above 5900
Target 1 - 6002
Target 2 - 6138
Entry Short: Below 5744
Target 1 - 5450
Target 2 - 5500
Risk Management: Maintain a stop-loss below the triangle's lower boundary for long positions and above the upper boundary for short positions.
Disclaimer: This technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and manage your risks effectively.
거래청산: 타겟 닿음
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.