Oil is now very much favored by many to head lower, but reviewing the charts is always best.
A clear Head & Shoulders pattern has been formed and a break of the trendline / neckline would imply a nice move to the 27 area.
I suspect once this area is reached, a bottom may be forming as I can;t see oil sustaining at this price.
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A clear Head & Shoulders pattern has been formed and a break of the trendline / neckline would imply a nice move to the 27 area.
I suspect once this area is reached, a bottom may be forming as I can;t see oil sustaining at this price.
For more information, please sign up to my website which is currently being developed for a release soon! www.ejfxtrading.com