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Andrey.Ustinov
Aug 2, 2016 8:00 AM

20$ per barrel... Short

Crude Oil FuturesNYMEX

Description

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
Comments
smitheric1970
very nice chart
Andrey.Ustinov
Very appreciate by your reply)
seekers36
Interesting, most are predicting a bullish inverse h&s.
Andrey.Ustinov
Check this one
for IH&S pattern
Oil market manipulated now so i can expect much lower tgt negative for bullish scenario
Andrey.Ustinov
Check this one
for IH&S pattern
Oil market manipulated now so i can expect much lower tgt negative for bullish scenario
Andrey.Ustinov
Check this one
for IH&S pattern
Oil market manipulated now so i can expect much lower tgt negative for bullish scenario
bcelepoglu
excellent
Andrey.Ustinov
Thanks for you reply) lets see if this scenario sustain
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