CRUDEOIL UPDATE | 6th - 7th JUNE
Crude oil is looking bullish above 6255! Target prices are set at 6315 and 6355.
However, it's important to be aware of the rising wedge pattern that's forming, as this could indicate a potential bearish reversal.
Here's a breakdown of the analysis:
Current Price: 6238
Target 1: 6315
Target 2: 6355
Rising Wedge Pattern: This pattern can signal a trend reversal, so be cautious even though the price is bullish right now.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
However, it's important to be aware of the rising wedge pattern that's forming, as this could indicate a potential bearish reversal.
Here's a breakdown of the analysis:
Current Price: 6238
Target 1: 6315
Target 2: 6355
Rising Wedge Pattern: This pattern can signal a trend reversal, so be cautious even though the price is bullish right now.
Disclaimer: This information is for educational 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.