WTI Crude near term rangebound, brewing for a breakout

FX:USOIL   CFDs on Crude Oil (WTI)
166 4 2
Watch for a breakout of consolidation pattern, a break above 95.35 would be first positive sign, a confirmation through breaking the multi-month descending channel would target the 200-days SMA at 98.60 area.
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I agree about the sideways, but RSI is telling me that we may see another LL ( Lower LOW)! I have been selling this since 104. It has been a nice ride. :-) I am looking to see 91.92 area, but being Friday today, you never know what may happen! Thanks for this great chart.
your welcome, good luck
Excellent and timely observation. Big thank you ! Michael
your welcome
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