OIL Completes Inverse Head and Shoulders Pattern
OIL Completes Inverse Head and Shoulders Pattern
OIL recently completed an inverse head and shoulders pattern. The bottom of the pattern was reached yesterday at 66.9 during the release of the US CPI data, followed by an aggressive growth.
Today, OIL confirmed this new bullish pattern, indicating increased bullish momentum. If the bulls manage to hold the price above 68.8, we could see oil rising further, as shown on the chart. Target zones include 69.9, 71.4, and 72.0.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
OIL recently completed an inverse head and shoulders pattern. The bottom of the pattern was reached yesterday at 66.9 during the release of the US CPI data, followed by an aggressive growth.
Today, OIL confirmed this new bullish pattern, indicating increased bullish momentum. If the bulls manage to hold the price above 68.8, we could see oil rising further, as shown on the chart. Target zones include 69.9, 71.4, and 72.0.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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