Oil is still moving down
As shown in the chart Oil is about to break out from the triangle, I would wait for the triangle's breakout to confirm my position. but overall you can see that the chart is forming a bigger triangle since the beginning of March.
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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.