Crude Oil – Retesting Resistance | Possible Pullback Trade Setu

Crude Oil (1H timeframe)

broken out from its short-term downtrend channel and is now retesting key resistance near 5740.
Price is holding above the 5610 support, but upside is likely capped unless bulls sustain momentum.

🔹 Key Levels:
• Resistance: 5740 – 5770
• Support: 5610 → 5513

📊 Technical View & Trade Plan:
• Sell Zone: 5730 – 5770 (near trendline resistance)
• Stop Loss: Above 5800
• Target 1: 5610
• Target 2: 5513

💡 Next Scenario:
• If price breaks & sustains above 5800, bullish momentum could extend toward 5860 – 5900.
• If rejection happens at resistance, expect a pullback toward 5610 and possibly 5513.

Bias: Neutral to Bearish — waiting for price reaction at resistance to confirm the next move.