Crude Oil: Critical Level Ahead – Bulls vs Bears Battle .

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Crude Oil: Critical Level Ahead – Bulls vs Bears Battle .Crude Oil FuturesMCX:CRUDEOIL1!FiveCirclesCrude Oil – Daily Timeframe Outlook Crude oil is currently trading near an important short-term support zone at 5290–5310. Breakdown Scenario: If this support is breached, the price may see further downside towards 5050. Bounce Scenario: If the short-term support holds, a recovery move can be expected towards the 5900–6000 zone. Major Support Zone: A strong structural support is placed near 5030–5080. If price reaches this area and sustains, consolidation or a potential reversal from the major support cannot be ruled out. Thank you.