April 4, 2018

CRUDE Oil Channel | 4 Hour Head and shoulders pattern

  • Daily chart shows strong reaction by crude bulls from the Bullish channel.
  • But the head and shoulders pattern in 4 hour too looks good. Although the pattern has already hit its target Price may slide further if it stays below 64.15. If CL bulls take price above 64.15 that will negate all effects of bearish pattern in this time frame.
  • Daily continues to look good for crude bulls. 

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