CLIFF NOTES: a nice TIME and PRICE pattern coming in a little lower on crude for the buy. the reason this price pattern is so key is that, since the low in 2009, NO SWING LOW has been broken (shown by the blue arrows). So, it’s going to be very key for this pattern in OIL to hold as we do not want to see that trend line attacked or the swing low (roughly 91 dollars) to be taken out.
