🔸Timeframe: 4 hour
🔸Strategy: Long
In yesterday's session, crude oil prices experienced a decline following inventory data. However, in the 4-hour time frame, a Doji candlestick pattern was observed, indicating market indecision, and subsequently, a reversal towards the upside. For today's session, the resistance is identified at 6225-6228. If this level is breached, there is potential for a 30-point upward movement. The bullish scenario would be invalidated if the price falls below 6204.
If trend is reversal I will share update before it.
_____________
🔸If you understand and support my view give it a thumbs up👍
🔸Strategy: Long
In yesterday's session, crude oil prices experienced a decline following inventory data. However, in the 4-hour time frame, a Doji candlestick pattern was observed, indicating market indecision, and subsequently, a reversal towards the upside. For today's session, the resistance is identified at 6225-6228. If this level is breached, there is potential for a 30-point upward movement. The bullish scenario would be invalidated if the price falls below 6204.
If trend is reversal I will share update before it.
_____________
🔸If you understand and support my view give it a thumbs up👍
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.