EvanJones

Oil Head & Shoulder Pattern in formation

Short
FX:USOIL   CFDs on Crude Oil (WTI)
2
Oil has had its stumbles recently and I believe that price is over extended and due to fall hard below the neckline. The two necklines are possibilities for either break for the move south, however its hard to tell on this setup so be ready for a break below the 48 price area.

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