minium220

USOil forming a h&s pattern. Possibly

Short
TVC:USOIL   CFDs on WTI Crude Oil
H&S pattern is a possibility now because it did not get above 94.3 level and it rebounded quickly just before European session. The left shoulder has formed and head is in the process. History shows that double tops and h&s work really well for USOIL. Half an our till market opens and it might go just as planned because there are no significant news that could skyrocket the price to 96.
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