Oil has been in a descending wedge pattern for quite a while, the last 19 months or so. It is just now breaking out, price target is between $100-$110 a barrel but could go higher we will have to see how inflation progresses.
Trade closed: stop reached
Breakout was a bulltrap, trade closed
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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.