After reaching multi-month highs and following Trump's tweet on OPEC, oil fell $64.36 and seems to be completing a pullback we forecasted earlier in our analysis. The commodity is now trading close to the lower rising channel boundary, supporting our long view.
The inverse SHS pattern has already been triggered and projects a target of around $76.xx. More risk-averse traders could aim at the upper rising channel resistance ($73.xx).
The inverse SHS pattern has already been triggered and projects a target of around $76.xx. More risk-averse traders could aim at the upper rising channel resistance ($73.xx).
