Crudeoil Weekly Update

Technical Analysis: Crude Oil (1 - DAY Timeframe)

In the 1-day timeframe, we're currently observing a developing cup and handle pattern.

Should the price sustain below the demand zone, the probability of further downside increases, signaling potential bearish momentum?
Conversely, if a reversal occurs, there is a strong likelihood of a significant upside movement, with a possible 400+ point advance.

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

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