CRUDEOIL - INTRADAY SETUP (Aug 26)
Crude Oil (4-Hour Timeframe) Analysis
Pattern: D cup formation in progress
Price Targets:
1st: 6500
2nd: 6600
3rd: 6680
Stop Loss: Near demand zone
News: Oil prices rose on Monday due to fears of regional conflict and expectations of U.S. interest rate cuts.
However, weak global economic outlook and OPEC's planned output increase remain concerns.
#CrudeOil #OilPrices #TechnicalAnalysis #CupFormation #TradingStrategy #StopLoss #OilNews
Pattern: D cup formation in progress
Price Targets:
1st: 6500
2nd: 6600
3rd: 6680
Stop Loss: Near demand zone
News: Oil prices rose on Monday due to fears of regional conflict and expectations of U.S. interest rate cuts.
However, weak global economic outlook and OPEC's planned output increase remain concerns.
#CrudeOil #OilPrices #TechnicalAnalysis #CupFormation #TradingStrategy #StopLoss #OilNews
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