CRUDEOIL - BREAKOUT - June 21
Güncellendi
Technical Outlook: Ascending Triangle Hints at Upside Breakout
Chart Pattern: Ascending Triangle (developing)
Current Price: Below 6820 (as specified)
Breakout Levels: Upside: Above 6820
Stop-Loss: 6790 (placement below the triangle)
Targets1 -- 6850
Targets2 -- 6860
Targets3 -- 6890 (based on the triangle's height)
News Catalyst: Increased summer demand and Middle Eastern tensions potentially pushing oil prices towards $90, according to market analysts.
Analysis:
The current price action suggests a forming ascending triangle, which is a bullish continuation pattern. A breakout above the triangle's upper trendline (at $6820) could signal a move towards the mentioned targets.
Confirmation: A confirmed breakout requires a daily close above $6820 with increased trading volume.
Risk Management: A stop-loss order is recommended below the triangle's support level (6790) to limit potential losses if the price falls instead.
Chart Pattern: Ascending Triangle (developing)
Current Price: Below 6820 (as specified)
Breakout Levels: Upside: Above 6820
Stop-Loss: 6790 (placement below the triangle)
Targets1 -- 6850
Targets2 -- 6860
Targets3 -- 6890 (based on the triangle's height)
News Catalyst: Increased summer demand and Middle Eastern tensions potentially pushing oil prices towards $90, according to market analysts.
Analysis:
The current price action suggests a forming ascending triangle, which is a bullish continuation pattern. A breakout above the triangle's upper trendline (at $6820) could signal a move towards the mentioned targets.
Confirmation: A confirmed breakout requires a daily close above $6820 with increased trading volume.
Risk Management: A stop-loss order is recommended below the triangle's support level (6790) to limit potential losses if the price falls instead.
İşlem aktif
Trade Triggered
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.