CRUDE OIL |Major Channel Resistance in Focus,Bearish Bias Intact

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CRUDE OIL |Major Channel Resistance in Focus,Bearish Bias IntactCrude Oil FuturesMCX:CRUDEOIL1!trailingtradesc85cd5c9f87345fbCRUDE OIL ANALYSIS Price has rallied sharply into a major descending channel resistance, a zone that has repeatedly triggered selling pressure in the past. Bearish view remains valid as long as the channel resistance holds. A sustained move below 8,500 could accelerate the downside towards: Target 1: 8,000 Target 2: 7,800 Invalidation: If price manages to break and sustain above the channel resistance, the bearish outlook will no longer remain valid. Expected Reversal Zone: 9,300 – 9,500 Trade with proper risk management.