Crude Oil: Outlook remains positive

Reverse head & shoulders signals further upside

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Technical Monthly: A reverse head & shoulders formation has been confirmed and price action is strong. The measured move target is near $85.00. The 50% fib retracement is currently capping the upward move.   Weekly: Prices remain contained within a bullish channel formation. There is no sign of the move higher slowing although an ending wedge formation is forming. Further ups...

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