Subscribe in a reader WTI crude oil is moving higher on news out of Dubai today.
US Navy ship kills 1 after firing at boat off Dubai read
Over the last 6 weeks oil has been setting up an Inverted Head & Shoulders pattern as annotated in the 8 hour chart below. ITZ is playing oil longer term via Proshares Ultra Crude Oil etf (UCO)
click on chart to expand image
1 comment:
8 hour chart http://chart.ly/lnodpn9
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