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Crude oil, time for a pull back? bat pattern

Short
CFDs on Crude Oil (Brent) (FX:UKOIL)  
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FX:UKOIL   CFDs on Crude Oil (Brent)
Bat crude brentoil Commodities Energy Commodities Oil shortsetup pullback Fibonacci Fibonacci Retracement consolidation
3
2
batpattern crude brentoil commodities energy oil shortsetup pullback fibonacci fibonacciretracement consolidation
This is a setup for a nearly formed bat pattern.

Given the recent surge in crude oil, it is about time it had a pullback. I think we will continue to see further upward movement due to excitement leading into the OPEC and non-OPEC meeting but this will peter out, and hopefully that happens when this bat forms.

For this reason, the second target is much less realistic than the first.
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