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Descending Wedge in Crude

Descending Wedge in Crude

Crude Oil WTI NYMEX:CLV2015

Crude is in a free fall and shouldn't blindly be bought. We are see a descending wedge forming, which is one of our favorite patterns. Will will look at this trade as a "POP" instead of a position. A break of the wedge and we should see a quick move to the 21 day EMA. If we can get some MoMo then possibly higher.