#OIL rebound

#OIL is @ $70.05
#Buy and #TP @$71.75

While major OIL producers may delay an output increase planned for next month and American Petroleum Institute (API) data showing U.S. crude oil fell by 7.431 million barrels last week.
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And, yes, it is #CupAndHandle pattern that I expect.
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I am still expecting the #CupAndHandle but much bigger one
Chart PatternsHarmonic PatternsTrend Analysis

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