We can see that so far Oil is forming a symmetrical triangle, breaking downwards could make a bearish pennant - in that case price could well drop to 67$,if it would break upwards - we could see a recovery. So far Crude on 4h.TF staying above ema20 what indicates a strong trend. I have shared few possible scenarios.
Trade closed: target reached
went bullish path
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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.