Group 1 - The price of crude oil is experiencing a narrow trading range, with a low of $60.92 and a high of $62.12, indicating a consolidation phase [1] - A decline below the day's low of $60.92 could target $60.68, followed by $59.54, while resistance levels are identified at $62.74 and $63.45 [2] - The current consolidation phase may lead to a continuation of the rally from the recent lows, suggesting potential upward movement in crude oil prices [3][4] Group 2 - The recent decline in crude oil prices represents the largest bearish correction since May 2023, followed by a sharp rally and bullish reversal [5] - There is potential for the subsequent rally to test resistance levels around the 20-Day MA at $66.18 and the 50-Day MA at $68.29, with support seen at the bottom of the trend channel [5]