The weekly chart is already showing a nice head and shoulders bottom pattern but I believe oil needs a C wave down to complete this sideways correction.
A move to 34.55 would make a noce right shoulder.
A move to 34.55 would make a noce right shoulder.
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Disclaimer
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.