Quick update for the light crude oil chart ;1) latest pattern = tight range ; expect an important "wild break out"
2) Current "big picture pattern" shows a probable upside break out
3) As always, expect the unexpected :)
4) Reversal level is right below "lower band" of the tight channel ; @ $76
1 comments:
Moise, as always great analysis! I'd agree on the pattern suggesting an upside breakout. However USD finding a bottom and oil going up somehow doesn't feel right. Any thoughts?
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