Technical Analysis: Crude Oil
Timeframe: 1 hour
Current Situation: Oil prices have increased due to lower US inventories and ongoing tensions in the Middle East. However, concerns about weak Chinese demand and potential US interest rate hikes are keeping the market cautious.
Price Action: Crude oil remains range-bound, moving within a rising wedge pattern on the 1-hour timeframe.
Key Levels:
Strong Support: 6,640
Resistance/Target: Expecting a 100-point move, targeting yesterday’s high.
Invalidation Level: Bullish outlook invalidated below 6,610.
Outlook: Watch for a break above 6,640 to confirm bullish momentum and achieve the expected target.
Timeframe: 1 hour
Current Situation: Oil prices have increased due to lower US inventories and ongoing tensions in the Middle East. However, concerns about weak Chinese demand and potential US interest rate hikes are keeping the market cautious.
Price Action: Crude oil remains range-bound, moving within a rising wedge pattern on the 1-hour timeframe.
Key Levels:
Strong Support: 6,640
Resistance/Target: Expecting a 100-point move, targeting yesterday’s high.
Invalidation Level: Bullish outlook invalidated below 6,610.
Outlook: Watch for a break above 6,640 to confirm bullish momentum and achieve the expected target.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。