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Crude Oil’s Scary Head and Shoulders

Published 03/17/2023, 04:40 AM
Updated 02/01/2024, 03:34 AM

Oil's head & shoulder on the daily chart targets the distance equal to the $82-$72 difference. However, a rebound above the $72 neckline will invalidate this ominous bearish formation.

Crude Oil Daily Chart

Disclaimer: This post is informational only. This post is not trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!

Original Post

Latest comments

kindly sir we trust you to no extreme, can you update us on movement of WTI after opec decision
How low do youvsee from here
need to write a new one after the OPEC news...
I trust your analysis always , waiting your new reading sir
I guess the picture not clear yet
how low do you see from here?
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