Bullish, But.... Just way too much politicking going on with Crude at present to bother trading it as was seen last Friday with the Israel/Iran warmongering rumours flying about - later denied - leading to a 3.00 spike.
Daily -
Flag pattern still playing out. 104 - 108 covers the outsides on a Daily closing basis for the next move.
4 Hourly -
Sideways choppy trading persists. Currently there are two AB = CD patterns visible of which Fridays spike completed at 108.20 - 88.6 Fib, which now suggests a move lower to 104.30/40 support area. 4 Hourly break and close under the 34 Ema would give support to a move lower.
The second AB = CD pattern targets 108.86.
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