Crude Oil Price Levels to watch for OPEX-Friday

Crude Oil 4-Hour:

The 240-minute anchor chart shows us the break of the bear price-channel
to new higher-highs this evening, which tells us one of two things, is likely
to happen next.

Crude Oil 240-Minute Chart

First, if the sellers grab
hold of this we will see a tremendous selling opportunity back down to the
93.00 area where the buy-zone below is located.

Second, if the buyers are truly in control right now we will keep
pushing higher up to the sell-zone at 95.65, 95.82 and the highs of the price-wedge.

We will definitely be looking for a selling
opportunity at the highs of this price-wedge if we can get it on Friday before
the closing bell goes off on our week.

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price-levels

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