Crude Light Breaking out of triangle soon

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[ads]On the weekly chart, it seems the crude light oil would be coming to the end of the triangle soon. This means only one thing, “a breakout is imminent”. Would the current conflicts which are going on be the catalyst of the breakout? Below are the list of conflicts which will cause the oil to move.

1) Ongoing Iraq Civil War escalating.

2) Potential New Gaza War .

Currently Crude light is trading in the 3 year high area. So watch out for the move.