FX:USOIL   CFDs on Crude Oil (WTI)
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After more than a few failed attempts at deciphering oil's bottom , I thought one more was in order. A falling wedge is taking shape on this daily chart. After failing to cross the upper trend line, oil is accelerating toward the the lower trend line. A move to the line near a $35 price would satisfy the small blue bull shark harmonic. It would also set up nicely for an inverted backwards large white bull crab. Besides the wedge and harmonics, another touch of the lower trend line will add symmetry since the first bottom has two touches. The formation may well finish with two touches.
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