Ape

Crude; Reverse, then Resume

NYMEX:CL1!   Light Crude Oil Futures
Last week I posted Crude with a daily candle indicating the possibility of a reversal. Here the weekly chart only confirms that possibility as we see a reversal doji that matches up with the signaling of a top in the daily chart. I am still long term bullish as any pullback to the 50-54 area will be seen as healthy for oil. My long term target remains 68-75.

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