Oil Futures Approaching Key Reversal Zone – Bullish Harmonic

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Oil futures may be forming a bullish Shark harmonic pattern, with price approaching the potential reversal zone at point D. This pattern suggests a possible bounce if buyers step in around this area. If price action shows signs of support or a shift in momentum, it could offer a solid long opportunity. Look for confirmation like bullish candles or indicators turning up before entering. If the pattern plays out, it could provide a strong risk-to-reward setup.

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