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Joel_Ochoa

USOIL - Crude Oil Markets Recover, But Will It Last?

CFDs on Crude Oil (WTI) (FX:USOIL)  
Joel_Ochoa  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Crude Oil WTI Crude Oil WTI wticrude
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trendanalysis usoil crudeoil wti wticrude
Oil prices rallied the last few days.

The uptrend line has held and so has the 50 day EMA and the MACD. I see a good support around 60.6 and resistant around 65.
At this point, I see oil prices breaking the resistant.
Any pullback should be a good opportunity to buy as soon it doesn't break the support.
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