Oil Stuck In Long Term Wedge And Heading Down...
Oil is stuck in a long term falling wedge and failed to break out, which indicates it is likely going to fall closer to the bottom of the wedge rather than break through the top. Oil has also been trading in minor Elliot Waves both up and down inside the wedge. This chat looks at what oil would do if it continued inside the wedge and continued trading in Elliot Waves...
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