According to this chart, crude oil will keep moving forward and hit the following targets: 3600 – 4000 – 4400 – 4800
Here value 1 of retracement will react as support. And consecutive breakout of this support is a direct sign of a downtrend. It can be up to 0.886 (2982) to 0.786 (2735). You can use it as a target.
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