Technical Analysis: Crude Oil
Timeframe: 1 hour
Current Situation: Oil prices have increased due to lower US inventories and ongoing tensions in the Middle East. However, concerns about weak Chinese demand and potential US interest rate hikes are keeping the market cautious.
Price Action: Crude oil remains range-bound, moving within a rising wedge pattern on the 1-hour timeframe.
Key Levels:
Strong Support: 6,640
Resistance/Target: Expecting a 100-point move, targeting yesterday’s high.
Invalidation Level: Bullish outlook invalidated below 6,610.
Outlook: Watch for a break above 6,640 to confirm bullish momentum and achieve the expected target.
Timeframe: 1 hour
Current Situation: Oil prices have increased due to lower US inventories and ongoing tensions in the Middle East. However, concerns about weak Chinese demand and potential US interest rate hikes are keeping the market cautious.
Price Action: Crude oil remains range-bound, moving within a rising wedge pattern on the 1-hour timeframe.
Key Levels:
Strong Support: 6,640
Resistance/Target: Expecting a 100-point move, targeting yesterday’s high.
Invalidation Level: Bullish outlook invalidated below 6,610.
Outlook: Watch for a break above 6,640 to confirm bullish momentum and achieve the expected target.
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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.