Lets see how this plays out the next weeks and after the upcoming Opec meeting late Nov16. I am expecting a break out upwards that will have price recover up to around 60, the prices highs of May15.
Note
Looking at it all over again, we might see a minor correction upwards to complete the E leg, followed by a stronger breakout of the triangle downwards..
Fell free to comment,
Have a great week ahead fellow traders:)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.