Crudeoil - Parallel channel - at support

Price making channel pattern all along the chart as shown. One can expect the price to take support from the current level to reach the channel top once again ( stop loss levels given).

If price breaks this small channel pattern and reached the support of the bigger channel pattern then one can enter the market long as it is also act as weekly support level .


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Chart PatternsParallel ChannelsupportTrend Analysis

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