OIL break out of pitchfork

Crude Oil FuturesNYMEX

Description

⋅ Mar 16, 2019 7:44 PM

Crude having broken out of this pitchfork formation, is now pushing into the 50% retrace of the late 2018 decline. RSI been diverging throughout this rally

Having a look at the non-log pitchfork, we're also coming into the 50% slope.

4 hour pitchfork