Crude Oil Update (4-Hour Timeframe) Chart Analysis
Pattern in Formation: Crude oil is currently in the process of forming a triangle pattern. A breakout on either side could present a potential upside or downside movement.
Above 6340 = bullish move 📈
Below 6270 = bearish move 📉
Fundamental Outlook: Keep an eye on the Core PPI data at 6 PM, as it could heavily influence the next price direction.
Risk Management: Set stop-loss orders to protect your position in case of unexpected volatility.
Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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Pattern in Formation: Crude oil is currently in the process of forming a triangle pattern. A breakout on either side could present a potential upside or downside movement.
Above 6340 = bullish move 📈
Below 6270 = bearish move 📉
Fundamental Outlook: Keep an eye on the Core PPI data at 6 PM, as it could heavily influence the next price direction.
Risk Management: Set stop-loss orders to protect your position in case of unexpected volatility.
Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU, PLEASE LIKE THE POST ❤️
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.