Chart of The Day $OIL 08-02-2016

On the OIL weekly chart we see touch of important 34 SMA  green line 39.76$ level also near 50 % Fibo retracement. Bounce from here could lead to 45$ and OIL could be making Inverse H&S formation. How to trade with Pitchfork tool join our webinar.

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oil

 

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