CRUDEOIL is approaching a key resistance level at 7713. If it breaks through this level, it could reach new all-time highs. This week's high target is 7675-7725.
Traders should watch for a breakout above 7713 to confirm the bullish trend. If CRUDEOIL fails to break through this level, it could retrace back to the support zone at 7625-7650.
Overall, the technical outlook for CRUDEOIL is bullish. A breakout above 7713 could lead to a further rally to new all-time highs.
Traders should watch for a breakout above 7713 to confirm the bullish trend. If CRUDEOIL fails to break through this level, it could retrace back to the support zone at 7625-7650.
Overall, the technical outlook for CRUDEOIL is bullish. A breakout above 7713 could lead to a further rally to new all-time highs.