OIL | Megaphone Pattern in Development

OIL | Megaphone Pattern in Development

Oil is developing a megaphone pattern.

The price looks like it is ready to move down again for the next
wave within the megaphone.

The price zone near 74.70 also proved to be strong several time on the past and it is showing
bearish volume as well.

Also, OIL is dominated lately by the bearish volume.

So let's see what will happen ahead of FOMC.

Thank you and Good Luck!

Trade closed: target reached:

Trade closed: target reached: