Consolidation Before Breakout! Big Move Coming

CRUDE OIL FUTURES

✅it is consolidating before a breakout from a long-term descending trendline, signaling a potential strong upward move.

✅Strong support around 6500 levels due to the ascending trendline. The breakout above the resistance around 6900 suggests a potential move towards 8000+ levels.

✅indicators are showing bullish momentum, supporting the breakout scenario. Volume increase confirms strong buying interest and bullish sentiment, backing up the breakout scenario.
Chart PatternsTechnical IndicatorsTrend Analysis

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