Timeframe: 1-hour
Current Situation: Crude Oil is currently trading within the zone it established last week. There's an unfilled gap on the chart, indicating a potential price move to fill it.
Analysis: For an upside move, bulls need to see Crude Oil sustain above the key resistance level of 6940. This would be a positive sign and could lead to a move towards filling the gap.
Key Levels:
Resistance: 6940 (Break above for potential upside)
Support: 6860
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.
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.