Day

July 18, 2019
Crude Oil
18
Jul

$CL Crude Oil Looking to Test Key 54.50 Level

For nine months, oil has formed a series of two lower highs and one higher low, coiling into the tip of a large symmetrical triangle. I am paying closing attention to the 54.50 level, where it looks to test rising trend line support and an area with significant market memory.
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