CrudeOil Update | May 29
Crude Oil Technical Analysis: Bearish Order Block in Control
Chart Pattern: Bearish Order Block (OB)
Current Price: 6710
Downside Target: 6565
Stop-Loss: 6730
When Crude Oil attempts to break above this bearish OB, the price tends to fall back again.
Additional Considerations:
Increased selling volume within the bearish OB would strengthen the bearish signal.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Chart Pattern: Bearish Order Block (OB)
Current Price: 6710
Downside Target: 6565
Stop-Loss: 6730
When Crude Oil attempts to break above this bearish OB, the price tends to fall back again.
Additional Considerations:
Increased selling volume within the bearish OB would strengthen the bearish signal.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.