Trading setup scenario.
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Long term view. The chart patterns in the ellipses are occurring twice in the last 9 years, first in 2009, and now again from end of December 2017 to present day, and as we see that cycles repeat, expectations are the price of Crude Oil to go even higher against $80 - $100 per bbl.
European cash equity markets are broadly lower at the closing bell while Wall Street opened firmly in the red as the risk of global trade war intensified today (FTSE 0.0%, DAX -0.4%, CAC -0.2%).