Based on technical analysis, I believe crude oil is likely to break through the minor rejection trendline and move upwards towards the higher trendline.
At the current stage, our entry point is around 6500, with target levels set at 7000 and 7300.
Furthermore, I anticipate that this time it will break through the major trendline, initiating Wave 3 and potentially aiming for 8000.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
At the current stage, our entry point is around 6500, with target levels set at 7000 and 7300.
Furthermore, I anticipate that this time it will break through the major trendline, initiating Wave 3 and potentially aiming for 8000.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
