CRUDEOIL | MCX | Wedge Watch! (July 16, 2024)
Crude Oil trapped in a falling wedge pattern.
Key Levels:
Downside: Below 6835 (potential drop)
Targets:
1st: 6805
2nd: 6785
3rd: 6760
Upside: Above 6860 (potential breakout)
Both scenarios could see significant swings (around 60 points).
Stop-Loss: Minimum 10 points below entry (adjust based on risk tolerance)
Disclaimer: This information is for educational purposes only and should not be considered financial advice.
Note
*All Crudeoil target complete. Made low of 6760*
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.