Crude oil made a good recovery during the past 2 months. Actually, WTI gained a solid 35% without a significant correction. What we see on the hourly chart.
WTI drew a double top which we know is a good reversal signal on a magic 57.57$ level. Watch for the breakdown of the red support. The break and clear retest (excluding fake breakup) could lead for a further down move until 54.5$ level with a short stop above the top could be a real deal.
We'll see.
This is not a recommendation.
I can feel it at the pump.
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