Shizaru

Crude Oil: is this a false breakout or not?

TVC:USOIL   Crude Oil (WTI)
158 0 7
Hard to say if it's a false breakout. We need a confirmation: price will bounce or re-enter in the main channel? We'll see.
Comment: Long confirmation will arrive if price break 49 resistance level
Comment: crude oil is retesting channel bottom. pattern still valid
Comment: It clearly was a false breakout :)
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