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johneee3456
Dec 29, 2014 1:51 PM

AB=CD pattern. Daily chart Long

Crude Oil (WTI)FXCM

Description

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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