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TraderOfSwag

Crude Oil showing interesting pattern

CFDs on Crude Oil (WTI) (FX:USOIL)  
TraderOfSwag Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis crude oilprice
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trendanalysis crude oilprice
Looks like Crude Oil (WTI) will be falling to 60's as it has broken a long term trendline, It depends pretty much on the key support at 64.60 area.
If it breaks I will enter a SHORT, otherwise I am going LONG till 70-s.

Let's see.
Comment:
It never broke, so I entered a LONG till 70.10.

Trading intraday afterwards as the oil became range-bound. See my latest analysis as it seems there is more downtrend coming and then at 64 define (once again) a direction.
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