Crude Oil Bearish Setup
Crude oil is showing signs of potential downside movement. After a recent rally, price is facing strong resistance near $71.60-$72.65, where sellers are stepping in.
🔻 Key Observations:
1️⃣ Price previously broke out of a descending channel but failed to gain strong bullish momentum.
2️⃣ A lower high is forming, indicating that buyers are losing control.
3️⃣ There’s a strong support zone around $70.14-$70.89, which could be the next target.
4️⃣ A potential short opportunity is forming, with an entry near the current price and a stop above resistance.
Take Profit 1 - 70.89
Take Profit 2 - 70.14
Stop Loss - 72.65
🔻 Key Observations:
1️⃣ Price previously broke out of a descending channel but failed to gain strong bullish momentum.
2️⃣ A lower high is forming, indicating that buyers are losing control.
3️⃣ There’s a strong support zone around $70.14-$70.89, which could be the next target.
4️⃣ A potential short opportunity is forming, with an entry near the current price and a stop above resistance.
Take Profit 1 - 70.89
Take Profit 2 - 70.14
Stop Loss - 72.65
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.