Crude Oil was in a very strong long term down trend but for now it's in retracement so the price is retrying to continue that trend but it may rally back and farm an head and shoulders before continuing the trend and then it will continue it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.