Crude Oil Triangle Breakout Near – Watch 5600 Zone Closely!

6月9日

🛢 CRUDEOIL – Weekly Outlook (4H Timeframe)

Published by: Shalvi Sharma (Power Commodity Trading)

Crude is trading around 5568 and approaching a crucial triangle breakout zone.
⚠️ Key Levels:

• Breakout Resistance: 5600 – 5675
  
• Bearish OB Zone: 5675 – 5800
  
• Immediate Support: 5374 (EMA55)
  
• Demand Zone: 5180 – 5270
  

🔍 Technical Outlook:
Price is compressing within a symmetrical triangle formation.
A breakout above 5600 with volume confirmation could push price towards the 5800 zone.

However, Bearish Order Block (OB) awaits near 5800 — this zone has historically rejected upside moves.

🎯 Possible Scenarios:

• Bullish: Break & hold above 5600 → Upside targets: 5675 → 5740 → 5800
  
• Bearish: Rejection at 5600 – 5675 → Downside pullback possible towards 5400 – 5374
  

📌 Wait for confirmation — breakout with volume will be the key driver.
Stay nimble and trade with defined risk.

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Comment below if you think it's bearish?

6 天前

交易進行

CRUDE OIL UPDATE – 4H TIMEFRAME

Crude is trading near the upper trendline resistance, with price inside a rising channel.
Momentum is still intact but facing supply pressure near 5670–5700 zone.

11th June - Inventory Day:

Post-inventory, sharp movement likely—watch for breakout above 5700 for bullish continuation or rejection to retest 5420–5480.