chsmit

WTI Oil Head & Shoulders to $29 ?

NYMEX:CL1!   Light Crude Oil Futures
Oil has had a pretty good run the last month however it seems like a head & shoulders - right shoulder is in the making.
If the pattern breaks down, we might see a move down to a pattern projected and horisontal price support around $29.

This correction will be healthy and support another buy-in into SBAOIL.

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