Main items we can see on the chart:

a) The price has been ranging between 40 and 35 for several weeks

b) Currently, we are observing a bearish movement

c) We have a Bullish perspective on Crude Oil with two variations

d) FIRST: The price reaches the lower line of the yellow channel, and after that, we have a bullish movement towards the next Resistance

e) SECOND: The price retest the Support zone, and after that, we have a bullish movement towards the next resistance zone
brentCLcrudeCrude OilMultiple Time Frame AnalysisSupport and ResistanceTrend AnalysisCrude Oil BrentWTI

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