Very nice technical structure on oil: left shoulder, head, right shoulder, followed by a clean break of the neckline.

The price is now moving below several important moving averages and momentum remains fragile. We are mainly monitoring the reaction after this strong bearish impulse and a potential recovery or rejection of the former support zone.

Structure → Confirmation → Execution.

#OIL #CrudeOil #Trading #TechnicalAnalysis #CryptoQuebec #TradingView

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