CRUDEOIL TRIANGLE PATTERN - BREAKOUT UPSIDE?
Crude Oil Update (4-Hour Timeframe) Chart Analysis
Pattern in Formation: Crude oil is currently in the process of forming a triangle pattern. A breakout on either side could present a potential upside or downside movement.
Above 6340 = bullish move 📈
Below 6270 = bearish move 📉
Fundamental Outlook: Keep an eye on the Core PPI data at 6 PM, as it could heavily influence the next price direction.
Risk Management: Set stop-loss orders to protect your position in case of unexpected volatility.
Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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Pattern in Formation: Crude oil is currently in the process of forming a triangle pattern. A breakout on either side could present a potential upside or downside movement.
Above 6340 = bullish move 📈
Below 6270 = bearish move 📉
Fundamental Outlook: Keep an eye on the Core PPI data at 6 PM, as it could heavily influence the next price direction.
Risk Management: Set stop-loss orders to protect your position in case of unexpected volatility.
Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU, PLEASE LIKE THE POST ❤️
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.