Is Crude Oil on the Verge of Another Collapse?

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-1.87%

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A perfect rectangle has formed (double high, double low) for crude oil on the daily chart. The double top formation will technically be confirmed if the price clears $81.

The measured move is big, but we take it one day at a time. If at all, buyers may show up, but with a tight stop-loss.

Crude Oil 5-Hr Chart

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