Crude Oil (USO) | Update | July 09, 2024

8 ביולי 2024

Timeframe: 1-hour

Current Situation: Crude Oil is currently trading within the zone it established last week. There's an unfilled gap on the chart, indicating a potential price move to fill it.

Analysis: For an upside move, bulls need to see Crude Oil sustain above the key resistance level of 6940. This would be a positive sign and could lead to a move towards filling the gap.

Key Levels:
Resistance: 6940 (Break above for potential upside)
Support: 6860


Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.