Crude Oil Market Analysis:
Crude oil has rebounded, presenting another selling opportunity. We maintain our bearish outlook on crude oil. Today, you can sell directly at 61.00, or consider selling at 61.50. Regardless of the fluctuations, it's a sell opportunity. Crude oil volatility has been minimal in recent months, so patience is needed to enter the market. The overall trend for crude oil is unlikely to change.
Fundamental Analysis:
There are no major data releases today; all are routine data. The most important data this week is tomorrow's CPI, which has seen significant fluctuations over the past year.
Trading Recommendation:
Crude Oil – Sell around 61.00, target 60.00-58.00
Crude oil has rebounded, presenting another selling opportunity. We maintain our bearish outlook on crude oil. Today, you can sell directly at 61.00, or consider selling at 61.50. Regardless of the fluctuations, it's a sell opportunity. Crude oil volatility has been minimal in recent months, so patience is needed to enter the market. The overall trend for crude oil is unlikely to change.
Fundamental Analysis:
There are no major data releases today; all are routine data. The most important data this week is tomorrow's CPI, which has seen significant fluctuations over the past year.
Trading Recommendation:
Crude Oil – Sell around 61.00, target 60.00-58.00
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.