TurtleBChi

crude future channel

FX:USOIL   Crude Oil (WTI)
30 1 1
It was "convenient" to be topped around $50 upper part of the channel. Now it's making its way down in "anticipation" of tomorrow's rate hike speech by Yellen. It's likely to reach bottom of channel around 48.7 before the speech, and the outcome will be either a rebound or a break of the channel.
thank you, well thought
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