CRUDEOIL - INTRADAY SETUP - AUG 2nd
Technical Analysis: Crude Oil (1-Hour Timeframe)
Short-Term Outlook: Bearish
Trade Setup:
Entry: Below 6410
Target: 6360
Stop Loss: 6436
Rationale:
The price is currently below the crucial level of 6410. A break below this level suggests a potential bearish trend. The target of 6360 represents a potential downside move. However, if the price moves above 6436, it invalidates the bearish setup.
Risk Management:
The stop loss at 6436 is placed to limit potential losses if the market moves against the trade.
Disclaimer: This is a technical analysis 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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Short-Term Outlook: Bearish
Trade Setup:
Entry: Below 6410
Target: 6360
Stop Loss: 6436
Rationale:
The price is currently below the crucial level of 6410. A break below this level suggests a potential bearish trend. The target of 6360 represents a potential downside move. However, if the price moves above 6436, it invalidates the bearish setup.
Risk Management:
The stop loss at 6436 is placed to limit potential losses if the market moves against the trade.
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU PLEASE LIKE THE POST
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