Crude oil is currently trading near a short-term support zone around $64.70.
🔻 Bearish Scenario:
If the price breaks below $64.00 and holds beneath it, we could see a decline toward $63.60 as the first target, followed by $62.00 as a secondary target.
🔺 Bullish Scenario:
On the other hand, if the price regains bullish momentum and breaks above $65.00, we may see a retest of the $66.70 area, and with continued buying pressure, a potential move 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:
If the price breaks below $64.00 and holds beneath it, we could see a decline toward $63.60 as the first target, followed by $62.00 as a secondary target.
🔺 Bullish Scenario:
On the other hand, if the price regains bullish momentum and breaks above $65.00, we may see a retest of the $66.70 area, and with continued buying pressure, a potential move 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.