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Oil is possibly making an H&S Top

April 6, 2018

 

WTIC crude oil futures(CL) is possibly making an H&S top at the YearlyR1 Pivots. If the trend line at $62 is broken, might open the door for a pullback to the Yearly Pivots(YP) @ $55. The low in 2017 was on the YearlyS1 Pivots and the high so far in 2018 is at the YearlyR1 Pivot. THIS IS NOT A COINCIDENCE!

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