Crude Oil - 1 hour timeframe (July 12, 2024)
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Current Situation: Crude Oil is currently trading above the key level of 6950, indicating short-term bullish momentum.
Entry
Long Above 6990 (Breakout Entry)
Target Prices
Target 1: 7020 (Initial Target)
Target 2: Open (Depending on Momentum)
Stop Loss
Stop-Loss: 6940 (Below Key Support)
Analysis:
Crude Oil has been trending upwards in the 1-hour timeframe.
A breakout above 6990 could signal further upside potential.
Target prices are set at 7020 and potentially higher depending on momentum.
Stop-loss is placed at 6940 to mitigate risk in case of a reversal below key support.
Disclaimer: This information is for educational purposes only and should not be considered financial advice.
Entry
Long Above 6990 (Breakout Entry)
Target Prices
Target 1: 7020 (Initial Target)
Target 2: Open (Depending on Momentum)
Stop Loss
Stop-Loss: 6940 (Below Key Support)
Analysis:
Crude Oil has been trending upwards in the 1-hour timeframe.
A breakout above 6990 could signal further upside potential.
Target prices are set at 7020 and potentially higher depending on momentum.
Stop-loss is placed at 6940 to mitigate risk in case of a reversal below key support.
Disclaimer: This information is for educational purposes only and should not be considered financial advice.
Note
Bearish levels to watch, if crude goes below to fill today's gap!Below 6950
Target 1 -6930
Target 2 - 6910
SL 6970
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