Crude Oil Technical Analysis ( 6th AUG)
Triangle pattern
Current Outlook: Consolidation
Crude oil is currently trading sideways around the 6221 support level.
Potential Scenarios:
Bullish Breakout: A sustained move above the 6245 level could signal a bullish trend, with initial resistance at 6300.
Bearish Continuation: A breakdown below the 6210 support may lead to a retest of the 6135 level.
Trader Action: Closely monitor price action for a clear breakout signal to determine the next potential move.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
Disclaimer
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