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Crude Oil Ready To Explode From Rounding Consolidation

05/29/2022

Less than a minute

2022.05.29 10:55

Crude oil has been consolidating below, but “not far,” from its multi-year highs and looks ready to test and potentially break above the rounding formation shown in the chart below.

Crude Oil Ready To Explode From Rounding Consolidation Crude Oil Daily Chart

Doing so, will take it a huge step towards the old highs. Bulls need to keep this market within the forming price channel that has marked higher dips and higher local highs.

See my video for more.