#CRUDEOIL || 22 Dec || Intraday setup

🔸Timeframe: 4 hour
🔸Strategy: Long


In yesterday's session, crude oil prices experienced a decline following inventory data. However, in the 4-hour time frame, a Doji candlestick pattern was observed, indicating market indecision, and subsequently, a reversal towards the upside. For today's session, the resistance is identified at 6225-6228. If this level is breached, there is potential for a 30-point upward movement. The bullish scenario would be invalidated if the price falls below 6204.

If trend is reversal I will share update before it.

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Chart PatternsHarmonic PatternsTrend Analysis

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