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Crude Oil (Weekly Chart) - Possible Small Rebound

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
SynapseTrading  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Beyond Technical Analysis Crude Oil Oil oiltrading Commodities priceaction Technical Analysis synapsetrading
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trendanalysis chartpattern beyondta crudeoil oil oiltrading commodities priceaction technicalanalysis synapsetrading
After a sharp move downwards, this counter has fallen to the prior support level, and also into the oversold region based on the RSI.

This actually confirms that the overall trend is bearish, but we could see a small rebound before the major trend continues.
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