Crude Oil (USO) | Update | July 09, 2024
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.
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