Crude oil - next big movement?

Crude Oil Update (4-Hour Timeframe) Chart Analysis

Current Price: 5935

Phase 1: If Crude Oil sustains above 5928, potential targets are:

Target 1: 6037
Target 2: 6145
Stop-Loss (SL): 5870

Pattern Formation: Rising wedge, with price movement currently within the pattern, signaling potential breakout.

Risk Management: Make sure to set stop-loss orders to protect your position from unexpected volatility.

Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.

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