TVC:USOIL FOREXCOM:WTIUSD The price is stuck in a schiff pitchfork, bouncing back and forth between three key price levels highlighted in black. There is a head and shoulders pattern in the new pattern formed by price movements. When the price closes its daily candlestick above the level of 123.19, this pattern can have a phony move. (Scenario No. 2) The price may collapse to the full head and shoulders pattern if it does not close above the level. (Scenario No. 1)
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