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Crude's Explosive Triangle Move

Published 10/06/2015, 11:45 AM
Updated 07/09/2023, 06:31 AM

I’ve been mentioning the triangle pattern that crude’s been bouncing within for quite a few weeks. It finally peeked outside the triangle four days ago (tinted below) but fell back. That was the “tipping of the hand”, though. It clearly pushed above the pattern yesterday and today it's picking up steam, racing ahead nearly 5% as of this writing.

Crude Oil

Latest comments

Waiting for re-testing broken support.
Hi Tim, Agree with the upside breakout. I have entered a long trade. . What could be the upside potential that we can target for. Please suggest.
May be 50.50 if broke and sustain than 51.70.
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