Crude Oil (4-Hour Timeframe) Analysis
Pattern: D cup formation in progress
Price Targets:
1st: 6500
2nd: 6600
3rd: 6680
Stop Loss: Near demand zone
News: Oil prices rose on Monday due to fears of regional conflict and expectations of U.S. interest rate cuts.
However, weak global economic outlook and OPEC's planned output increase remain concerns.
#CrudeOil #OilPrices #TechnicalAnalysis #CupFormation #TradingStrategy #StopLoss #OilNews
Pattern: D cup formation in progress
Price Targets:
1st: 6500
2nd: 6600
3rd: 6680
Stop Loss: Near demand zone
News: Oil prices rose on Monday due to fears of regional conflict and expectations of U.S. interest rate cuts.
However, weak global economic outlook and OPEC's planned output increase remain concerns.
#CrudeOil #OilPrices #TechnicalAnalysis #CupFormation #TradingStrategy #StopLoss #OilNews
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.