Re: Aug Crude/Bullish Chart/Breaking out *PIC*

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In Response To: August Crude/Bullish Chart Pattern *PIC* ()

Aug Crude is breaking out of its bullish Inverse Head & Shoulder pattern. Nice price action. Price must hold and at least consolidate above the 87.60 neckline to confirm. So far a very typical reaction to a bullish chart pattern. Staying above the neckline will turn the lagging indicators up again. Crude is not the only market with a bottoming pattern and bullish chart.

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August Crude/Bullish Chart Pattern *PIC*

Re: Aug Crude/Bullish Chart/Breaking out *PIC*

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