📈 Analysis: Crude Oil futures are presenting a compelling opportunity for traders. The initial buying position at 6086.77 opens the door to substantial gains, with targets at 6326.77 and 6462. In case of a retracement, adding one lot at 6045 can enhance profit potential. Conversely, a sell position at 6003.23 has targets at 5889.23 and 5754.
📊 Weekly Range Perspective: Considering the weekly range of 354, there is significant room for both upward and downward movements, providing traders with ample opportunities to capitalize on market fluctuations.
📈 Trade with Caution: As always, it's essential to manage risk effectively and stay informed about market dynamics. Use appropriate position sizing and adhere to your risk management strategy.
Note: This analysis is for educational purposes and not financial advice. Trade responsibly.
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