Crude give breakout of HEAD and SHOULDER pattern
WTI crude has break the neckline of Head and soulder pattern on daily charts, also it has formed bearish engulfing pattern on weekly charts which is a bearish signal. Next support will be near 58.50.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.