On Wednesday(August 6), crude oil prices fell for the fifth consecutive trading day, as the market awaited whether U.S. President Donald Trump would escalate sanctions on Russian energy exports. Intra-day losses deepened following reports that Trump plans to meet with Russian President Vladimir Putin in the near future.
Since late June, WTI crude futures have been fluctuating within a $65–$70 per barrel range. Market participants are watching closely whether Trump’s tariff policies might dampen global demand, or whether pressure on India could reshape its crude purchasing behavior.
WTI crude fell 1.2%, closing just above $64 per barrel.
Trading suggestion: On the daily chart, WTI crude oil reached a high of $67.14, but then reversed sharply. It fell to a daily low of $64.03 before stabilizing, and finally closed at $64.69, forming a daily candlestick with a very long upper shadow resembling an inverted hammer. This pattern suggests continued bearish pressure.
Trading Strategy: Sell near 65.8, Stop loss 66.3, Target 64.5–63.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
