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Crude Oil’s scary head & shoulders (Mar. 17, 2023)


CL’s head & shoulder on the daily chart is targeting the distance equal to the $82-$72 difference. However, a rebound above the $72 neckline will invalidate this ominous bearish formation.

Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!

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