Crude Oil FuturesShort
CRUDEOIL UPDATE MCX - 28 MAY
Crude Oil Technical Analysis: Breakdown from Rising Wedge Pattern
Current Price: 6560
Target: 6540-6520
Analysis: Crude oil has potentially broken down from a rising wedge chart pattern. This pattern suggests a trend reversal, with a potential decline in price if the breakdown is confirmed.
A stop-loss order can be placed above the broken support level to manage risk in case of a false breakdown - 6575
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.
Current Price: 6560
Target: 6540-6520
Analysis: Crude oil has potentially broken down from a rising wedge chart pattern. This pattern suggests a trend reversal, with a potential decline in price if the breakdown is confirmed.
A stop-loss order can be placed above the broken support level to manage risk in case of a false breakdown - 6575
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.