Flag pattern at Crude Oil

Flag chart pattern at the Crude Oil

A Flag pattern at the Crude Oil indicates the high likelihood of continuation of the bullish trend at the Oil. The Flag is a strong continuation pattern that leads to a breakout upwards in a high probability. It can also be confirmed using the exact 23.6 Fibonacci Retracement that also indicates a continuation of the bullish trend.

These signs show that the Oil is about to break upwards and continue the uptrend - in high probability.