CRUDE OIL SELL SET UP (1H)
I am seeing an Ending Diagonal develop in the Crude oil chart for an upcoming Sell opportunity. This seems to line up with this week's EIA data indicating an oversupply. If this plays out, we should be hearing more about over supply over the next week or more. I will look for a sell when we get to the end of the 5th leg of the ED as indicated by my Sell zone box.
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