NYMEX:CL1!   Light Crude Oil Futures
Crude Oil break out support line of the uptrend channel . We touch support zone .
After oil drop price start to recover.
I see 3 resistance level for oil .
1. 55.8$ - 38.2% level fibonacci
2. 59.94$ - 50% level fibonacci
3 64 - 61.8$ level fibonacci also resistance line

But global It look like impulse-correction-impulse
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Comments

excellent
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you are so damn good!
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Buying from here?
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Wow. Great call.
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Do you see a correction from these levels at 64-65 ?
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AWESOME ANALYSIS BECAUSE OF U EXPLAIN GOOD IN THIS CHART
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Hi Sir, what a great chart! I am really baffled on your explainations
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There is a visible inverse H&S pattern on OIL H4 chart so yes! it's highly possible that we will see a rise till 61.8 Fibo.

What about gold in the short term?
Reply
Awesome technical analysis. Thanks.
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