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Crude Oil Next Week Outlook!
Crude oil closed the week with a long upper shadow bullish candle. The overall outlook for next week is sideways with a slight bullish bias!
On the weekly chart, around 57.3 is a key support level. You can consider going long near this level; 60.4 is a resistance level. If it cannot break through this price, you can take a small short position.
If it can steadily break through 60.4, there is potential for another 1-2 USD increase; if it breaks below the 57.3 support, it is likely to drop about 1 USD further.
Looking at the daily chart, Friday showed a rise followed by a pullback. Next Monday, focus on the high and low points of Friday for trading—if it approaches the high without breaking through, consider shorting; if it hits the support at the low and holds, consider going long.