Easy profits on crude oil
Okay guys, We have been in this multi year, channel for crude oil. We tested the bottom of the channel about two months ago or so, we bounced up to around $66 we broke above our 200 week moving average and have now successfully retested it. Not only did we re-test the weekly 200MA but came back to a daily time frame inverse head and shoulders support zone and the trend line of a symmetrical wedge. i am targeting the top of the wedge and the top of the channel as target. overall i am very bullish on crude.
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