Genghis

Brent Crude Oil May'16

FX:UKOIL   Crude Oil (Brent)
After eroding the longer term bearish trend line (red) back in March, we've since set up a channel set up.
Eyes on price action around 42.20 to see if the supportive channel holds.
snapshot

42.20 was the high of wave 3 and potential support. A mongrel H&S like pattern set up the last few wks.
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