Why should we track crude oil, and how can you do it?

It is clear that a surge in oil prices has impacted crypto prices.
👉 Here is a simple technical analysis (TA) technique you can use to track the price.
✍️I used the Brent oil ticker on the 1-day timeframe.
Steps:
1. Refer to the green line on the chart:
Project the uptrend support by connecting the March 10 and March 25 lows. Connect the March 2026 low accordingly.
2. Refer to the orange line on the chart:
Project the resistance level by connecting the March 9 and March 19 highs.
3. The area formed by these two lines represents a consolidation zone.
4. The boundaries formed by these lines can be monitored to assess the direction.
#CrudeOil #Crypto