Crude oil is currently trading near a short-term resistance area at $64.00, while the overall trend remains bearish.
🔻 Bearish Scenario:
If the price breaks below $63.25 and holds beneath it, we could see a move toward the $62.00 support level.
🔺 Bullish Scenario:
If the price regains strength and breaks above $64.00, it may retest the $65.00 level. With continued bullish momentum, it could reach as high as $66.30.
⚠️ 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 $63.25 and holds beneath it, we could see a move toward the $62.00 support level.
🔺 Bullish Scenario:
If the price regains strength and breaks above $64.00, it may retest the $65.00 level. With continued bullish momentum, it could reach as high as $66.30.
⚠️ 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.