Crude Oil has successfully broke and closed above a strong horizontal daily resistance level.
The highlighted blue region also serves as the neckline of a cup and handle formation.
This breakout has the potential to drive prices significantly higher, with the next target being 83.50, then 84.00 a key psychological level.
Traders looking to enter the market should take into account the breached structure.
The highlighted blue region also serves as the neckline of a cup and handle formation.
This breakout has the potential to drive prices significantly higher, with the next target being 83.50, then 84.00 a key psychological level.
Traders looking to enter the market should take into account the breached structure.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.