Oil may be in consolidation and we have a good setup for a potential ABCD pattern. I would look for resistance at $45.20 and take profit under $44.
With lower lows and lower highs, the chances of the market breaking to the up side are slim, until it creates a new high structure.
With lower lows and lower highs, the chances of the market breaking to the up side are slim, until it creates a new high structure.
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