CrudeOil Update | May 29
Crude Oil Technical Analysis: Bearish Order Block in Control
Chart Pattern: Bearish Order Block (OB)
Current Price: 6710
Downside Target: 6565
Stop-Loss: 6730
When Crude Oil attempts to break above this bearish OB, the price tends to fall back again.
Additional Considerations:
Increased selling volume within the bearish OB would strengthen the bearish signal.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Chart Pattern: Bearish Order Block (OB)
Current Price: 6710
Downside Target: 6565
Stop-Loss: 6730
When Crude Oil attempts to break above this bearish OB, the price tends to fall back again.
Additional Considerations:
Increased selling volume within the bearish OB would strengthen the bearish signal.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
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