MCX Crude oil: Ascending Triangle Pattern (TP 5112)

Crude oil is forming 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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Crude oil has touched the intraday target of 5112.