CL1! Prices recently broke out of the long-range wedge price pattern at around 69.26 but formed another short-term wedge and are currently moving sideways between 70.84 support and 72.31 resistance.
A break above 72.31 could see prices continue to the next resistance/target at 74.18 and a break below 70.84 could see prices fall to around 69.26-69.18.
There could be a short opportunity coming up if prices fail to hold at 72.31 or 74.18
A break above 72.31 could see prices continue to the next resistance/target at 74.18 and a break below 70.84 could see prices fall to around 69.26-69.18.
There could be a short opportunity coming up if prices fail to hold at 72.31 or 74.18
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