Below is crude oil chart, at this moment it is traded at USD107.79 per barrel. Nice. 4 hour timeframe. As you can see on the chart below, there are two bearish signal. A rising wedges and bearish divergence… meaning that crude oil price will going down.
If valid la, if not then crude oil price will going up higher and higher, at least to USD109 per barrel. Let see in the next few days either both bearish signal is valid or not.
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