Kazonomics

$MUR Bullish Wedge formation 1HR

NYSE:MUR   MURPHY OIL CORP
Murphy Oil is in a consolidation pattern at the high of a very bullish run

Bullish Scenario: MUR clears 67.07 heading for target area at 73 and extends the move

Bearish Scenario: a failure of 65.70 would indicate the possibility of further selling as it pulls back towards support in the 60 area

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