I believe oil may be forming a head and shoulders. If it can hold above the neck line and reverse, I think it will be bullish for a minute before coming bearish again. If it doesn't find support at
53.02, the head and shoulders may be invalidated and the bearish trend my continue.
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53.02, the head and shoulders may be invalidated and the bearish trend my continue.
What do you think? Like, comment, and follow!
Trade closed: stop reached