WTI crude - Probability of moving towards $95 is high.
1) Upward sloping H & S observed..
2) Price at $75 at the brink of upward sloping neckline. A breach of the neckline would add more strength and momentum to price.
3) On the contrary, failure to breach neckline would only mean that the path towards $95 would be delayed as strong upward sloping channel support seen at $70.
Conclusion is : Cross above $77-78 is a high probability long trade in Crude
1) Upward sloping H & S observed..
2) Price at $75 at the brink of upward sloping neckline. A breach of the neckline would add more strength and momentum to price.
3) On the contrary, failure to breach neckline would only mean that the path towards $95 would be delayed as strong upward sloping channel support seen at $70.
Conclusion is : Cross above $77-78 is a high probability long trade in Crude
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