Crude oil is currently holding above the key support near 62.26 and showing signs of reversal after a strong rejection from the lows.
📌 Entry Zone: 62.35 – 62.50
🎯 Target: 62.95
🛑 Stop Loss: 62.26
🔎 Analysis:
Price respected support and formed a bullish rejection wick, indicating buying pressure.
A move above 62.50 could open the way to test resistance around 62.95.
Good risk-to-reward opportunity as long as price stays above support.
📊 View: Bullish momentum expected towards 62.95 in the coming sessions
📌 Entry Zone: 62.35 – 62.50
🎯 Target: 62.95
🛑 Stop Loss: 62.26
🔎 Analysis:
Price respected support and formed a bullish rejection wick, indicating buying pressure.
A move above 62.50 could open the way to test resistance around 62.95.
Good risk-to-reward opportunity as long as price stays above support.
📊 View: Bullish momentum expected towards 62.95 in the coming sessions
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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.