CX - Crude Oil - Intraday Setup
Technical Analysis: Crude Oil (1-Hour Timeframe)
Short-Term Outlook: Bearish
Trade Setup:
Target: 6240
Invalidation Level: Above 6311
Rationale:
Oil prices are currently volatile due to escalating Middle East tensions and ongoing supply disruptions. Despite a sharp decline in US inventories, economic concerns and profit-taking are putting downward pressure on prices. The setup remains bearish with a target at 6240. A move above 6311 would invalidate this setup.
Risk Management:
Monitor price action closely and adjust positions if the price moves above 6311.
Disclaimer: This is a technical analysis based on current data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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Short-Term Outlook: Bearish
Trade Setup:
Target: 6240
Invalidation Level: Above 6311
Rationale:
Oil prices are currently volatile due to escalating Middle East tensions and ongoing supply disruptions. Despite a sharp decline in US inventories, economic concerns and profit-taking are putting downward pressure on prices. The setup remains bearish with a target at 6240. A move above 6311 would invalidate this setup.
Risk Management:
Monitor price action closely and adjust positions if the price moves above 6311.
Disclaimer: This is a technical analysis based on current 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
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