Technical analysis of Crude Oil for May 18, 2018

On the 4 hour charts, we can see the bias from the Crude Oil still in Bullish condition, and more interesting, we’ve found the Ascending Triangle continuation pattern at #CL, but in a few days, there is a possibility of correction but as long as they do not break and close bellow the 70.25 level, there is high possibility that the Crude Oil will try to test the 73.50 level.


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