DOUBLE TOP PATTERN | CRUDEOIL - SEP 25
Crude Oil (1 Hour Timeframe)
Pattern: Double top spotted in crude oil.
Bearish Indicators Identified: Crude oil is trading within a falling wedge pattern, hinting at potential for a bearish breakout. The price is testing key support zones while repeatedly rejecting at the resistance.
Fundamental Outlook: Weaker-than-expected Chinese demand and Fed rate cut expectations are applying downward pressure on crude prices, although OPEC+ production cuts continue to provide support.
Key Levels: Watching for movement below 6040 for confirmation of bearish trend continuation.
Targets: 6000, 5900, 5850
Breakout Confirmation: A strong move below 6040 will confirm the breakout. Above 6200 could signal reversal.
Risk Management: Set stop losses to manage risk.
Disclaimer: This is a technical analysis and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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Pattern: Double top spotted in crude oil.
Bearish Indicators Identified: Crude oil is trading within a falling wedge pattern, hinting at potential for a bearish breakout. The price is testing key support zones while repeatedly rejecting at the resistance.
Fundamental Outlook: Weaker-than-expected Chinese demand and Fed rate cut expectations are applying downward pressure on crude prices, although OPEC+ production cuts continue to provide support.
Key Levels: Watching for movement below 6040 for confirmation of bearish trend continuation.
Targets: 6000, 5900, 5850
Breakout Confirmation: A strong move below 6040 will confirm the breakout. Above 6200 could signal reversal.
Risk Management: Set stop losses to manage risk.
Disclaimer: This is a technical analysis and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU, PLEASE LIKE THE POST ❤️
Dagangan aktif
Crude oil has dropped +120 points so far and continues to fall 📉.
Keep an eye on the levels for further opportunities!
Nota
Next support 5720
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.