$OIL has produced multiple bullish structures.

OIL has produced multiple bullish structures.

1. Bull flag (green)
2. Inverse head and shoulders (red)
3. And a probe above a multi-year channel is at hand (orange)

The inverse measured move is noted, though I expect it will ultimately go higher than that.
Chart PatternsCrude Oil Futures WTI (CL1!)Oil

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