Crude Oil Futures
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CRUDEOIL - INTRADAY SETUP - AUG 2nd

687
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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