CRUDEOIL FORMING FALLING WEDGE

Crude Oil Update (4-Hour Timeframe)

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• b]Bullish Indicators Identified: A breakout from a falling wedge pattern is anticipated. Price is expected to first take support from the current zone before a breakout occurs.
  
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  Key Levels:
• Support: 5480
  
• Resistance: 5830
  
• Breakout Confirmation: Wait for price to hold at support before confirming the breakout towards higher levels.
  
• Risk Management: Always use stop-loss strategies to minimize risks in case of unexpected price movement.
  

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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