NYMEX:CL1!   Light Crude Oil Futures
259 6 3
Here we can see some possibility for gap closing to continue further drop down
Note that Weekly and Monthly showing right shoulder projection around 3x but if it makes lower low 20$ per barrel is really near
excellent
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Andrey.Ustinov bcelepoglu
Thanks for you reply) lets see if this scenario sustain
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Interesting, most are predicting a bullish inverse h&s.
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Andrey.Ustinov sonatine185
Check this one
IH&S On Oil
for IH&S pattern
Oil market manipulated now so i can expect much lower tgt negative for bullish scenario
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very nice chart
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Andrey.Ustinov smitheric1970
Very appreciate by your reply)
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