Crude oil is trapped in a descending triangle after a blow off top. might take some time to play out but target for crude oil based on the triangle is 42-40 crude oil.
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Crude oil had a break down and formed a double bottom only to be rejected by the trend line of the upper portion of the decending triangle. My stance stays the same bearish.
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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.