Crude Oil (4H & 15Min Chart) Analysis:
Crude Oil is moving within a well-defined parallel channel on the 4-hour timeframe, with a strong support zone at 5480–5490.
On the 15-minute chart, a descending broadening wedge is forming, with the pattern support zone also near 5480–5490 and pattern resistance around 5600.
Potential breakout target: 5700.
If the support zone holds, we may see higher prices in Crude Oil.
Summary: Key support at 5480–5490 is critical. Watch for a breakout above 5600 for a potential upside move toward 5700.
Thank you !!
Crude Oil is moving within a well-defined parallel channel on the 4-hour timeframe, with a strong support zone at 5480–5490.
On the 15-minute chart, a descending broadening wedge is forming, with the pattern support zone also near 5480–5490 and pattern resistance around 5600.
Potential breakout target: 5700.
If the support zone holds, we may see higher prices in Crude Oil.
Summary: Key support at 5480–5490 is critical. Watch for a breakout above 5600 for a potential upside move toward 5700.
Thank you !!
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
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@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.