Current Situation: Crude Oil is currently trading above the key level of 6950, indicating short-term bullish momentum.
Entry
Long Above 6990 (Breakout Entry)
Target Prices
Target 1: 7020 (Initial Target)
Target 2: Open (Depending on Momentum)
Stop Loss
Stop-Loss: 6940 (Below Key Support)
Analysis:
Crude Oil has been trending upwards in the 1-hour timeframe.
A breakout above 6990 could signal further upside potential.
Target prices are set at 7020 and potentially higher depending on momentum.
Stop-loss is placed at 6940 to mitigate risk in case of a reversal below key support.
Disclaimer: This information is for educational purposes only and should not be considered financial advice.
Entry
Long Above 6990 (Breakout Entry)
Target Prices
Target 1: 7020 (Initial Target)
Target 2: Open (Depending on Momentum)
Stop Loss
Stop-Loss: 6940 (Below Key Support)
Analysis:
Crude Oil has been trending upwards in the 1-hour timeframe.
A breakout above 6990 could signal further upside potential.
Target prices are set at 7020 and potentially higher depending on momentum.
Stop-loss is placed at 6940 to mitigate risk in case of a reversal below key support.
Disclaimer: This information is for educational purposes only and should not be considered financial advice.
Note
Bearish levels to watch, if crude goes below to fill today's gap!Below 6950
Target 1 -6930
Target 2 - 6910
SL 6970
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.
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.