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MCX – Crude oil | What to expect Next | Short Term View

As per crude oil daily chart, we can see that it has made falling channel and triangle chart pattern, and few session back it has able to confirm both these breakout at 5860 level, as per both the pattern range we can expect a move of nearly 500 point in crude and if that happen then it can land up price till 6350-60 zone, as of now expected support for this pattern is at base line of upper line of channel, which is at 5820-30 which can be a good opportunity if swing confirm.

Channel breakout and tingle breakout are strong patterns which gives good result, above chart is good to study for upcoming moves.

Updated: July 10, 2023 — 6:41 pm

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