Crude Oil Market Analysis:
We remain bearish on crude oil today. With new contracts now open for delivery, crude oil is still weak. Consider selling on any rebound. Crude oil shows no buying signals, lacking fundamental or technical support. If it breaks below 60.00, it will plunge again. Consider selling on a rebound near 63.00 today.
Fundamental Analysis:
Recently, there are more fundamentals than data. This week will feature the results of the Federal Reserve's monetary policy meeting.
Trading Recommendations:
Crude oil: Sell near 63.00, target 62.00-60.00
We remain bearish on crude oil today. With new contracts now open for delivery, crude oil is still weak. Consider selling on any rebound. Crude oil shows no buying signals, lacking fundamental or technical support. If it breaks below 60.00, it will plunge again. Consider selling on a rebound near 63.00 today.
Fundamental Analysis:
Recently, there are more fundamentals than data. This week will feature the results of the Federal Reserve's monetary policy meeting.
Trading Recommendations:
Crude oil: Sell near 63.00, target 62.00-60.00
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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.
We share free trading signals of various products (XAUUSD, foreign exchange, oil, BTC，ETH) every day, with high accuracy and lucrative profits.
t.me/+daH4lcg_yIRiMzZh
t.me/+daH4lcg_yIRiMzZh
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.