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After rising above 112$ per barrel yesterday crude oil closed nearly its lowest level but in positive. A wide shadow for the candle in combination with a breakout could generate the price pattern “breakout fakeout”. In this case if the past resistance does not hold as support and there is a retracement in the channel stop losses of long positions will start to be triggered and crude oil could fall sharply.  There is however a second scenario:  market forces want to test again 112 and then try to make a consolidation there or a double top. Below 106.28 price could accelerate down to 98. The target of this bullish trend is 120.