Trader-Mick

OIL Bullish Bat Pattern confirmed Long with AB=CD

Long
NYMEX:CL1!   Light Crude Oil Futures
30
Waiting for price to hit 39.17, this is where the bat pattern completes. Already Ab=CD completed at 40.30. We have a nice RSI bullish divergence. As we know this divergences does not work alone, need to be confirmed by other methods, so I have a bullish bat formation and also a AB=CD pattern. Targets would be at 43.02 and stops at 36.07.

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