NYMEX Crude Oil Warns That the Recovery Rally has Ended

Crude Oil-- Here we go again?  Oil has reversed sharply from near 70.00-- my preferred secondary upside recovery target level prior to the resumption of acute weakness off of the July high at 74.35.

From the perspective of an Inverted Cup & Handle pattern (Dome and Igloo), Oil should be on the verge of a significant breakdown, especially if it closes under 68.40... Last is 68.60/61

7 27 18 Crude 130 GIF
7 27 18 Crude 130 GIF

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