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Oil needs to hold above $39.30 to maintain C-n-H

Oil needs to hold above $39.3 to maintain validation of C-n-H pattern torquoise colored line line
Chart Snapshot. :-) Megalo

Nota

I do believe the Cup-n-Handle is still a relevant play here and oil should start heading to fresh new high's very soon ! :-) Megalo >

Yes this pull back was very much expected, in order to form a nice strong handle for this pattern, it did dip down more then i liked to see it, but since has made a nice solid comeback ! (-:

MEGALO1

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MEGALO1