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MCX Crude oil: Ascending Triangle Pattern (TP 5112)

Posted: 02 Jun 2021 11:23 PM PDT

Crude oil is forming an Ascending Triangle Pattern. According to the monthly chart and chart pattern analysis, the crude oil rally will not stop here. It will keep moving forward for levels of 5160 – 5300 – 5600+.

MCX crude oil target for intraday traders is 5112 level.

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