themarketzone

Long term Vs. Short term - Oil analysis

NYMEX:CL1!   Light Crude Oil Futures
Oil has completed a bearish Butterfly pattern.
This is a short term bearish opportunity that can lead to a bearish pullback.

The long term pattern to focus on is the weekly inverted Head and Shoulders pattern that I mentioned in my previous analysis.

Pullback to 60?
It's an option
Comment:
Still monitoring

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