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UnknownUnicorn11430563

Cup and handle indicating upside breakout for oil

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Kontrak Berjangka Minyak Mentah Ringan (NYMEX:CL1!)  
UnknownUnicorn11430563  
NYMEX:CL1!   Kontrak Berjangka Minyak Mentah Ringan
Trend Analysis Chart Patterns Technical Indicators breakout Oil futures reversal
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trendanalysis chartpattern indicator breakout oil futures reversal
Oil shows cup and handle formation. Since cup and handle for Mes from a downtrend this indicates a reversal to the upside. Target should be equal to the depth of the cup. Use the shorter of the 2 sides if not of equal height. Wait for breakout of flag, and may confirm with high volume on breakout. Though my opinion is that high volume for breakouts is overrated, though nice to see.

Be patient.

❤️ Ms. Bunny
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