CRUDE OIL: Breakout happened… but now comes the REAL TEST 👀🔥
MCX Crude Oil is back near ₹9,037, the key breakout/retest zone.
Structure so far: 📈 Triangle breakout
🚀 Rally toward ₹10,200
📉 Sharp pullback
🔄 Retest of breakout zone
🟢 Recovery back above ₹9,037
This is technically much more interesting than simply looking at today's +2.75%.
The current candle is attempting to reclaim ₹9,037, while price is also above the visible moving average around ₹8,569.
So the short-term structure is trying to turn constructive again.