This is a daily point&figure chart rounded to a 100 tick movement. Looks like oil wants to test the previous highs and possibly higher into low $80s.
Comment:
Follow Up
Another horizontal formation at $63 length of which is 12 signalling a movement of $12 which lands around previous highs
Disclaimer
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.