Crude oil is testing the lower trendline of the symmetrical triangle on the 1-hour timeframe, showing increasing selling pressure.
🔹 Bearish Scenario:
A break below 5820 can trigger further downside, leading to targets around 5780 - 5750 - 5700.
🔹 Bullish Rebound:
If the support at 5860 holds, a bounce toward 5900 - 5930 is possible.
📊 Watch price action closely for confirmation before taking positions!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.