CRUDEOIL UPDATE JUNE 12Crude Oil Breakout Levels (Technical Analysis, Disclaimer Applies)
Breakout Strategy:
Long Entry: Above 6510 with sustained move (>90 points) above breakout point.
Targets: 6560 - 6600 (profit targets based on potential price movement after breakout).
Stop-Loss: Below 6400 (potential loss if price falls below support).
Neutral Zone: Price remains between 6400 and 6510. No clear directional bias in this range.
Breakdown Scenario:
Short Entry: Below 6400 with confirmation (e.g., additional bearish candlestick pattern).
Target: Open (depends on market momentum after breakdown). Short sellers aim to profit from price decline.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial professional before making any trading decisions. Past performance is not necessarily indicative of future results.
