CrudeOil1! (1-Hour Timeframe) Technical Outlook
CrudeOil1! is currently sustaining at the Fibonacci Golden Ratio level of 0.618, with the weekly pivot placed near 5640. Based on Fibonacci projections and price action, this 5640 zone appears to be a crucial area, as it aligns with a 2.8% retracement completion.
On the 1-hour timeframe, the RSI is showing a decline but may take support near the current levels, adding further weight to this support zone.
All technical indicators together suggest that the 5640–5650 zone could act as a strong support in the short term. If this support holds, we may see upside targets at 5715 and 5750, with the potential for CrudeOil1! to make a new high if the bullish momentum continues.
Thank you.
CrudeOil1! is currently sustaining at the Fibonacci Golden Ratio level of 0.618, with the weekly pivot placed near 5640. Based on Fibonacci projections and price action, this 5640 zone appears to be a crucial area, as it aligns with a 2.8% retracement completion.
On the 1-hour timeframe, the RSI is showing a decline but may take support near the current levels, adding further weight to this support zone.
All technical indicators together suggest that the 5640–5650 zone could act as a strong support in the short term. If this support holds, we may see upside targets at 5715 and 5750, with the potential for CrudeOil1! to make a new high if the bullish momentum continues.
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
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。