Crude Oil Update (4-Hour Timeframe) Chart Analysis Pattern in Formation: Crude oil is currently in the process of forming a triangle pattern. A breakout on either side could present a potential upside or downside movement. Above 6340 = bullish move 📈 Below 6270 = bearish move 📉
Fundamental Outlook: Keep an eye on the Core PPI data at 6 PM, as it could heavily influence the next price direction.
Risk Management: Set stop-loss orders to protect your position in case of unexpected volatility.
Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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