Group 1 - The 50-day moving average has been reclaimed as support, indicating a potential trend reversal for the asset, with a current value of $58.71 [1] - A bounce off the 50-day moving average suggests that the previous resistance is now acting as support, which is a positive sign for future price movements [1] - The first pullback to test prior resistance as support is anticipated, following the confirmation of the breakout [1] Group 2 - Strong bullish momentum in crude oil has led to a breakout above a key resistance level at $60.56, indicating a bullish trend reversal [2] - A daily close above $59.00 will confirm the trend reversal signal, marking the second reversal signal based on market structure [2] - The bullish trend is supported by the successful exceedance of a 100% projected target for a rising ABCD pattern at $60.77 [2] Group 3 - Crude oil is projected to rise towards long-term resistance levels, with initial targets clustered around $62.65, which is the 200-day average [3] - Additional targets include a 50% retracement level at $63.15 and a minimum target for the double bottom pattern around $63.00 [3] - The 161.8% projection of the rising ABCD pattern points to a target of $63.24, while a 127.2% Fibonacci ABCD projection is at $61.86 [3]