🛢️ CRUDE OIL – 4H CHART UPDATE
Price is testing the upper trendline resistance after forming a higher-low structure — signaling early bullish intent.
Technical Outlook:
• Multiple rejections near 5340–5360 now acting as breakout zone
• EMA 25 crossing above EMA 55 – momentum buildup
• RSI showing steady recovery from oversold levels
Setup to watch:
➡️ Bullish breakout above 5430 may open room toward 5520–5560
➡️ Rejection could trigger a retest near 5280–5320 before next move
Bias: Mildly bullish while price sustains above 5340
Short-term momentum building up — watch for breakout confirmation on volume!
This view/setup is for learning purpose only!
Price is testing the upper trendline resistance after forming a higher-low structure — signaling early bullish intent.
Technical Outlook:
• Multiple rejections near 5340–5360 now acting as breakout zone
• EMA 25 crossing above EMA 55 – momentum buildup
• RSI showing steady recovery from oversold levels
Setup to watch:
➡️ Bullish breakout above 5430 may open room toward 5520–5560
➡️ Rejection could trigger a retest near 5280–5320 before next move
Bias: Mildly bullish while price sustains above 5340
Short-term momentum building up — watch for breakout confirmation on volume!
This view/setup is for learning purpose only!
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.