WTI Crude oil testing double bottom resistance

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WTI crude oil prices are posting strong gains, gaining over 19% on the day.

Price action is near the resistance level of 17.80. This marks the resistance level of the double bottom pattern.

Oil prices need to break-out above this level to confirm further upside.

The double bottom target is at the 25.00 handle. This will be confirmed if prices break out convincingly above the resistance level of 17.80.

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