#USCrudeoil Update || Mar 11 - Forex
🛢️ Time Frame: 1 Hour
📉 Status: Bearish
📅 Date: 11.03.2024
🔸In the hourly timeframe, crude oil appears to be following a parallel channel, trading within a specific range.
🔸Expect upward movement in prices on Wednesday, possibly influenced by production reduction and inventory data.
#OilMarket #TradingAnalysis
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.