theskinnyindian1

Pole and Flag pattern formation, breakout can lead to 135$-140$.

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TVC:USOIL   WTI 原油差價合約
Hello traders, Crude oil is in downtrend since it made high of 120 us dollar in mid June. But as we can see that it is falling in a channel, and it has come to support level range of 84-85$ and as we can see in charts that it is forming a flag and pole pattern starting from low made in November 2021 at 66.50 $.

As we can also see that it is aslo taking support from 85$ range and we are also near channel’s upper wedge. In the upcoming weeks we can see a trend reversal and can see levels of 135$ -140$ in next few months.
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