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Crude Oil Pin Bar Off Channel Top | Dec. 3rd

Crude Oil
Building a case for a medium term bottom, Crude Oil had today formed a pin bar rejection off the key $90.00 level, and channel top structure which you can see in the chart below. If this channel holds, we could see it fall towards $86.00 and the bottom of the channel. However, if it clears the big figure, look for a breakout pullback setup which will likely challenge $93.

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