CRUDEOIL update || Dec 20
Time Frame: 1 hour
Strategy: Long - BREAKOUT🔥
Crude oil is poised for a potential breakout towards the 6300 range as it faces resistance. The current stability is influenced by Houthi militants' activities in the Red Sea, impacting oil supply. Initial concerns led to a rise in prices. Today's crude oil inventory data could further impact the market, shaping future trends. Stay tuned for updates.
Target1: 6250
Target2: 6275
Target3: 6300