AB=CD pattern. Daily chart

FX:USOIL   CFDs on Crude Oil (WTI)
22 0 0
Price is currently consolidating at the base of the 3.14 extension of the CD leg. If the price action can exhibit signs of bullishness and the fundamentals can support a move upward then I will be looking to the 38.2 retracement level at approximately 75 for a correction.
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