Stock Market Analysis for July 8th

For those watching the price of Crude Oil it appears it has developed one of two possible chart patterns. One could say the price of Crude Oil has developed a bullish Double Bottom pattern and may now consolidate for a few weeks before making another significant move higher which may have a negative affect on the market.



Meanwhile one could also argue the price of Crude Oil is developing a bearish Double Top pattern as well which could eventually lead to a significant sell off. If this occurred then this may have a positive impact on the market.

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