I am short until the point of both harmonic patterns indicate . Strong resistance at 54.15 , down from here 52.00 is nice support . In order to complete both bullish patterns, it must be down till 47.00 After that support it will start Bullish Rally
Soon we have two possible action on crude oil on this week arroung the price of 55,15: 1) More possibly "a shooting star" appears getting bearish action toward 46,00 which would be a bottom or reversal price for bulls again. Bulls on crude oil during the summer is favorable for OPEC countries. 2)Less possibly crude oil price stays above 55,15 in daily candles and...