Bullish Gartley and a monthly MA line in focus

Last week Oil price broke below a daily uptrend line and crashed all the way down to hit the monthly 18 SMA line (Monthly Fast MA line).
In addition to the monthly support line Oil also completed a bullish Gartley.
The Gartley and the monthly line will be in focus in the coming weeks as Oil will become more volatile as we approach OPEC's meeting.

Potential upside - Oil can climb and test 48-50$ as resistance
Thoughts?

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Yorum:

Approaching target zone

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