December 7, 2016

Descending Triangle of CRUDE Oil

  • Crude oil one hour chart shows a Descending triangle pattern.
  • Crucial levels are 50.14 as the levels for Crude bears to break and 51.10 is the level for Bulls to break and stay above. Bigger directional moves possible if these levels are broken with momentum.
  • For crude bears price need to continue staying below hourly cloud.

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