tradingdiaries

Oil right shoulder and breakout

FX:USOIL   原油差价合约(WTI)
This looks like a head and shoulder formation.

Stop: Above the right shoulder.
Targets:

First at the neckline.
Second at $25

$25 is the next strong support on the way down. It holds back in 2003 and two times as a resistance in 1996.

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