bigshowlion

Oil possible to break 50$ resistant

NYMEX:CL1!   Light Crude Oil Futures
41 0 0
This is an incomplete bearish cypher pattern, 90% of the cypher pattern has been shaped. The question is, whether it the price will reach 54.58 which is the last point of the pattern, point D. I strongly believe that it will because point D not only the possible end to complete the pattern but it also happens to be the next resistant point which has been established Feb 2, 2015.
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