Entry: 66.40
SL: 67.20
TP: 64.85
Risk to Reward: 1.93
Bias: Bearish
I expect mid-term downside pressure on crude oil prices, mainly due to the following reasons:
The U.S. is mitigating the impact of energy tariffs by increasing domestic supply.
Pressure on OPEC to boost production is rising.
Global demand growth remains uncertain.
These factors may keep energy prices capped in the medium term and support bearish scenarios.
Trade active
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.