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Crude oil has just completed a symmetric triangle to the upside which calls for the next impulsive rally towards at least 134.34 and more likely closer to 159.94. If we see a runaway rally in wave 5, we could even see crude oil reach the 200 handle.
Short-term we see minor resistance near 116.64 before running higher for a test of the 134.34 target.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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