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Trading Oil & Energy Chart Patterns

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The energy sector ranked the last in sector performances in 2017. In June 2017, crude oil traded at a low of $42.37 per barrel and many analysts expected lower prices with a target of $40 or lower as energy market sentiment has been bearish. Crude oil turned bullish in August 2017, when it broke a pattern of lower lows and lower highs by failing to take out the June low.

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