An amazingly long wedge has been forming on Heating Oil continuation chart (weekly chart).
Started since 2011.
The upper boundary line seems to hold quite steady and price has bounced from this line consistently since then.
Also, clearly the two lines are converging into a triangle.
There is a possibility that price will rise slightly to hit the upper line again and bounces down again.
Another possible scenario is that the wedge (triangle) is already complete and soon price will break the lower line.
Once that happen, it could be a strong down wave.
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