Seems US Oil has completed its 5th wave of down move and is getting ready for either UP move or Deep pull-back. It broke the local trend line and is making a nice flag on the line...
Check out 2 related ideas at the bottom too
Fundamentals that are supporting the idea: 1. Discussion about oil output cut at OPEC 2. Iran Oil sanction 3. A decrease in Crude Oil Inventories numbers forecast (tonight)
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It could not stay on the line after the surprising news (Inventories numbers)