Crude oil is currently trading near a key resistance area around $66.30.
🔻 Bearish Scenario:
A break and close below $65.50 may lead to a decline toward the next major support at $64.50.
🔺 Bullish Scenario:
If the price breaks back above $66.35 and holds, we may see a retest of the $66.90 zone.
📈 Continued bullish momentum could drive the price toward $67.50.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
🔻 Bearish Scenario:
A break and close below $65.50 may lead to a decline toward the next major support at $64.50.
🔺 Bullish Scenario:
If the price breaks back above $66.35 and holds, we may see a retest of the $66.90 zone.
📈 Continued bullish momentum could drive the price toward $67.50.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
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.
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.