akyong

OIL: Cypher pattern completion

FX:USOIL   Crude Oil (WTI)
The cypher pattern as analysed during the weekend has been completion and price action put in a pin bar rejection as well. At the moment, we are seeing a strong downwards pressure (based on current bar).

However, as long as the price doesn't breach the 47.75 structure level, the pattern as well as the support structure still holds.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY
Chief Currency Strategist
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