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All analyses and illustrations are as attached on technical chart.
The proper interpretation for crude oil technicals is called 【Inverse Bump-and-Run】. Inverse-Bump-and-Run in technical theory is equivalent to 【Shake-and-Collect】 in technical theory. The first trend line is called the lead-in line. Technicals for Crude Oil is bullish (Strong Accumulation). Crude oil stocks and energy related stocks are bullish biased.