Crude oil ready to explode from rounding consolidation

Crude oil has been consolidating below but “not far” from its multi-year highs and looks ready to test and potentially break above the rounding formation shown in the chart. Doing so, it will make a huge step towards the old highs. Bulls need to keep this market within the forming price channel that has marked higher dips and higher local highs. Watch my video for more.

This is a solely educational post and by no means an investment or trading advice.