CRUDEOIL WAVE ANALYSISCrude Oil FuturesMCX:CRUDEOIL1!siddumallappa1. The Bearish Flat/Triangle Extension (Short Term)The Setup: The ongoing recovery bounce struggles to clear the immediate overhead resistance belt.The Movement: Prices reject at current levels and slide back to test the lower boundaries of the consolidation zone around ₹8,500 – ₹9,360. This movement completes the final sub-waves of the Wave (4) correction.Strategy: Look for accumulation patterns near major support pockets with protective stops placed strictly under ₹8,550.2. The Direct Wave (5) Impulse Breakout (Medium Term)The Setup: Persistent supply disruptions or geopolitical risk premiums prevent prices from executing a deeper structural pullback.The Movement: The contract manages to base firmly above ₹9,400 and explodes directly above ₹10,500. This action signals the official initiation of Wave (5).Strategy: High-momentum long positions trigger upon a verified daily candle close above ₹10,500, targeting psychological and extension extensions up toward ₹11,300–₹11,500+.