Ascending Triangle or Double Top?
CL1!Ascending triangle / double top forming on oil futures. Price swings printing higher lows over past 6wk and hovering at the 50sma. Up sloping MACD and RSI both with more room to the upside.
With price hanging at the 50sma, could be the last pump before a double top dump. Price will need to hold above the 50sma and retest the $93.50 top range. Prior to that maybe a short window for a couple dollar return.
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