CRUDEOIL UPDATE - JUNE 19th
Crude Oil Technical Overview: Symmetrical Triangle on Watch
Timeframe: 4 Hour
Pattern: Symmetrical Triangle (developing)
Current Price: Above 6745
Key Levels:
Bullish above 6745
Resistance: 6825 (upper trendline)
Berish below
Support: 6700 (lower trendline)
Analysis: A symmetrical triangle appears to be forming in the crude oil market. This pattern typically indicates a period of consolidation before a potential breakout in either direction.
Breakout Potential:
Upside breakout: A break above the resistance level of 6745 could signal a move towards higher prices.
Downside breakout: A break below the support level of 6700 could indicate a decline in crude oil prices.
Important Note:
The direction of the breakout will depend on upcoming news and market forces. This technical analysis should be used in conjunction with other factors to make informed trading decisions.
Timeframe: 4 Hour
Pattern: Symmetrical Triangle (developing)
Current Price: Above 6745
Key Levels:
Bullish above 6745
Resistance: 6825 (upper trendline)
Berish below
Support: 6700 (lower trendline)
Analysis: A symmetrical triangle appears to be forming in the crude oil market. This pattern typically indicates a period of consolidation before a potential breakout in either direction.
Breakout Potential:
Upside breakout: A break above the resistance level of 6745 could signal a move towards higher prices.
Downside breakout: A break below the support level of 6700 could indicate a decline in crude oil prices.
Important Note:
The direction of the breakout will depend on upcoming news and market forces. This technical analysis should be used in conjunction with other factors to make informed trading decisions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.