Crude oil has formed based and will travel further north in coming days due to the following reasons

1)Base formation or consolidation for quiet few weeks
2)20 EMA & 50 EMA crossover on an hourly chart
3)Lows not broken, swing high is taken out
4)W pattern

Need to patiently hold & wait, might see bigger target

(FOR EDUCATION PURPOSE ONLY)
Double Top or BottomMoving AveragesSupport and Resistance

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