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same zone , taking support from there only look for uside with the help of price action
#CrudeOil / #USOIL Market Outlook
Analysis by TradewithMarketMaverics (IITians)
A significant bearish cycle is expected to emerge on 4th June, which may lead to a sharp decline in crude oil prices. In addition, a major consolidation phase is projected to conclude around the same period, potentially paving the way for a strong directional move in the market.
Key Insights:
✅ Watch for potential bearish momentum on 4th June in #USOIL / #CrudeOil.
✅ Following the completion of the consolidation cycle, crude oil could enter a sustained one-sided trend from 8th June onwards.
Trading Note:
⚠️ Price projections are based on cycle studies and historical patterns. Traders should closely monitor price action and market structure before initiating any position. Wait for confirmation, and if the market moves in the anticipated direction, consider holding the trade while following proper risk management and trailing stop-loss strategies.
— TradewithMarketMaverics (IITians)
#CrudeOil #USOIL #Commodities #CommodityTrading #ForexTrading #PriceAction #MarketCycles #Trading #MarketAnalysis #TradewithMarketMaverics #IITians #SmartMoneyConcepts #TechnicalAnalysis
