Oil has formed a clean head and shoulders pattern, which, if activated, could lead the price to drop to 67.125. However, if the pattern fails and turns out to be a fakeout, we can expect the price to rise toward the \$71 area.
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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.