CRUDEOIL (WEEKLY OVERVIEW)
CRUDEOIL is approaching a key resistance level at 7713. If it breaks through this level, it could reach new all-time highs. This week's high target is 7675-7725.
Traders should watch for a breakout above 7713 to confirm the bullish trend. If CRUDEOIL fails to break through this level, it could retrace back to the support zone at 7625-7650.
Overall, the technical outlook for CRUDEOIL is bullish. A breakout above 7713 could lead to a further rally to new all-time highs.
Traders should watch for a breakout above 7713 to confirm the bullish trend. If CRUDEOIL fails to break through this level, it could retrace back to the support zone at 7625-7650.
Overall, the technical outlook for CRUDEOIL is bullish. A breakout above 7713 could lead to a further rally to new all-time highs.
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.