Lets see how this plays out the next weeks and after the upcoming Opec meeting late Nov16. I am expecting a break out upwards that will have price recover up to around 60, the prices highs of May15.
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Looking at it all over again, we might see a minor correction upwards to complete the E leg, followed by a stronger breakout of the triangle downwards..
Fell free to comment, Have a great week ahead fellow traders:)