Over the long run I still don’t like the crude oil chart as supporting the bullish case. I identify this formation as a bearish flag that has already been penetrated to the downside and acting as a best-case resistance for the time being.
Over the long run (meaning one decade in this case) I still don’t like the crude oil chart as supporting the bullish case. I identify this formation as a bearish flag that has already been penetrated to the downside and acting as a best-case resistance for the time being.
Chart source: investing.com
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