Oil - first signs of rebound observed

Updated
Oil is currently drawing a cup (c) with 2 handles (h1 and h2), the break of the neckline will probably occurs soon. Objective 1 is 59$. After this objective is reached lets observe any new pattern for a new uptrend
Trade closed: stop reached
Chart PatternscupandhandlepatternOilTrend Analysis

Also on:

Disclaimer