Hello Traders and investors! Let's talk about the black gold that went down to negative pricing and to where it is right now. Since the parabolic moves back in the mid 2000s, it has been in a downtrend from the highs of the 180s. It is very close to a breakout as shown in the wedge pattern and if it breaks out, I believe it will consolidate or retest maybe a correction then its parabolic move. I am a little bullish on Oil but let us see in the coming weeks. Warning! I am not a financial adviser so take this post with a grain of slat. Happy trading and investing!
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