The Battle of the H&S and the invert H&S
As you can see there's an unconfirmed invert hs on the daily which could lead to a rise to 100+. But there's also an unconfirmed hs, smaller, but could absolutely invalidate the other one. Which one will win out? Based upon seasonal and fundamentals arguments, the price will rise until Dec-Jan. Based upon Brent vs Wti and fundamentals, the price will fall. On the balance, I think down is the way to go short term.
Note
Ha!
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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.