Oil couldn’t inch higher, but mover despite stabilizing above 40.40, which should hold to keep the bullishness valid. A break above 42.00-42.05 will affirm.

We remain bullish on oil as far as 40.40-40.00 hold.
Yesterday’s incline argued us to suggest potential formation of AB=CD pattern, as the bounce started near 40.00 psychological.
BUY CRUDEOIL CMP 2710-2725 SL 2677 TGT 2850/2950
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