OIL USO CL - Head & Shoulders Pattern

A head and shoulders pattern has formed on the hourly charts for light crude futures. This marks the potential for a bullish reversal and a sustained break below the neckline could see price drop as low as $49-$49.50.

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Candlestick AnalysisChart PatternsCLcrudedollarHead and ShouldersOilpriceactionUSDUSO

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