Crude Oil – Sell near 62.00, target 60.00-56.00

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Crude Oil – Sell near 62.00, target 60.00-56.00Crude Oil FuturesNYMEX_DL:CL1!GoldDiggerPigCrude Oil Market Analysis: Yesterday, crude oil reached a high of over 62.00, but it hasn't broken through the major resistance level yet. The chart pattern suggests that without a break above this level, a buy breakout pattern is unlikely. Our strategy for today remains bearish; sell on rallies. The current price level is high, and there's significant downside potential. Sell crude oil near 62.00 today. Fundamental Analysis: Previously released data was mixed, with limited market impact. Furthermore, geopolitical factors have calmed down, putting downward pressure on gold and supporting the US dollar. Trading Recommendation: Crude Oil – Sell near 62.00, target 60.00-56.00