Crude Oil Futures
Long

CRUDEOIL UPDATE - JUNE 14

340

Technical Analysis:

Crude oil prices closed above a key resistance level of $65.88 on Friday.
This breakout suggests a potential continuation of the uptrend.

Target:
Crude Oil (CL) - Potential Breakout Targeting 6650 - 6700
Current Price: Above 6588

If the bulls can maintain momentum, the next potential target zone could be 6622 - 6650
Key Levels:
Resistance: 6622, 6650
Support: 6588 (broken)

The overall market sentiment and any relevant news events can impact the price movement.
This is just a technical analysis, and other factors should be considered before making any trading decisions.

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial professional 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.