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Crude Oil: Ascending Channel

USOIL, 4 hours    SHORT May 25
It looks like USOIL sets up an ascending channel and the price calls for more push down as evidence of a breakout. An ascending channel can be thought of as a compelling chart indicator that can be used to predict a bearish price move in case if price breaks out to the the downside. There is a chance of a bearish run to 71.
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